John Williams, president of the Federal Reserve Bank of New York, spoke with Yahoo Finance on July 16 to discuss the U.S. economic outlook and what may lie ahead for Fed policy.
BRIAN CHEUNG: Joining us now is the president of the New York Federal Reserve – that is John Williams. John how are you?
JOHN WILLIAMS: Great Brian, good to see you.
BRIAN CHEUNG: Good to see you too. So let’s just get right into it. I want to ask about the economic outlook, we did get numbers this morning on retail sales showing a pretty nice rebound in June but then on the other hand you have 17 million Americans still turning to unemployment insurance. That, when you couple it with the epidemiological numbers, I guess I’m just wondering do you still see the baseline as a recovery in the second half of this year as I think … Read More