Phillips curve ‘alive and will soon be kicking’ – Fed’s Williams
John Williams expects US inflation to reassert itself soon
The Phillips curve in the US “still holds true” and, as such, inflation should soon return to target, the Federal Reserve Bank of San Francisco’s John Williams said on February 2.
Williams gave an upbeat assessment of the economy: “The really good news about this expansion is that it’s taking place nationwide and across the full range of sectors.”
Growth was 2.5% in 2017, somewhat above the level where Williams thinks the trend is, implying the Fed still needs to tighten policy further.
The
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