NY Fed Pres Williams: Economy hasn't improved enough to pare policy stimulus

NY Fed Pres Williams, who is speaking at a banking conference, has stated that inflation is likely to rise to 3% this year before falling to near 2% in 2022.

Williams sees US GDP expanding by 7% in 2021 YoY. 

He said that the economy hasn't improved enough to pare policy stimulus. 

US dollar impact

There has been little reaction in forex to the comments as the US dollar has already given back some ground, but the DXY has held above where it traded before the Fed’s statement on Wednesday.