Williams Q&A: Core services ex-housing inflation falling faster than expected

• Eventually will need to cut rates
• Fed rate hike not part of baseline view for the outlook
• Fed policy making progress working out economic imbalances
• Core services ex-housing inflation falling faster than expected
• No need to change monetary policy in the very near term
• Shelter inflation slower to come down than expected
• Recent inflation setbacks are not a surprise to the Fed

These comments are more dovish than I would have expected.

This article was written by Adam Button at www.forexlive.com.