Like a first year medical student, John Williams is focused on “cadavers”

  1. All eyes are on inflation

The Fed is looking for signs that it’s meeting its dual mandate of stable inflation and maximum employment as it charts the course for rate increases. Price pressures have remained below the Fed’s 2 percent goal since 2012, and Williams made it clear while talking to reporters that they’ll be his focus this year.

“The big question mark in 2016 to me is really on this inflation front,” Williams said Monday, noting that questions about labor market slack probably would be resolved as the job situation continues to improve. If “global growth slows, and global inflation falls, and that pushes the dollar up, that’s clearly a scenario that would cause us to take longer to get to our inflation goal, and I think would call for a little bit more accommodation.”

The inflation ECG (again)

Patient Dies

And everything points to a Fed that has been tightening (opposite of accommodative) since mid-2014!

Pointers:

NGDP Growth

Corpse_1

ISM

Corpse_2

Dollar Index

Corpse_3

Funny thing: Williams believes the “cadaver” will “stand-up” (one day sometime in the future)

Corpse_4

2 thoughts on “Like a first year medical student, John Williams is focused on “cadavers”

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