From Singapore Today: SF Fed Prez John Williams | Janet Yellens US Fed Reserve Bank Chief @ NY Economic Club



Both in the same day, worlds apart, saying what they think about the global and U.S. economies + some other people talking about what they didn't say
Yellen - "mixed"
Williams - the spoiler alert is that it’s not as bad as everyone thinks.
[links and details to follow]

Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank should proceed only cautiously as it looks to raise interest rates, pushing back on a handful of her colleagues who have suggested another move may be just around the corner.

In her first comments since the Fed decided to hold rates steady two weeks ago, Yellen said inflation has not yet proven durable against the backdrop of looming global risks to the U.S economy, including still-low oil prices and concerns over China.

The comments, which boosted stocks and bonds and hit the dollar, come as healthier measures of U.S. inflation and manufacturing have prompted some other Fed officials to say another policy tightening could come as soon as April.










Trick of the Light?
The U.S. Economy, Global Growth, and International Risks in Perspective
http://www.frbsf.org/our-district/press/presidents-speeches/williams-speeches/2016/march/trick-of-the-light-us-economy-global-growth-international-risks/