Fed's Cook: Data Are Telling a Pretty Clear Story of a Historically Strong Labor Market, with Still Elevated Inflation; Inflation is Still Running To

tweet at 9:30am: Fed's Williams: - I Tend to Think in Terms of Real Interest Rates - Fed Policy is Barely Restrictive Right Now - Financial Conditions Have Tightened a Lot in Last Year - Changes in Financial Conditions Will Also Inform Our Policy Outlook tweet at 9:34am: Fed's Williams: - We Need to Take a Long-term View of Data, Not Get Caught Up in the Day to Day - Seeing More Positive Signs Globally About Growth - Seeing Some Signs Of US Economy Showing Resilience - Signs Suggest We Still Have Some Work to Do to Get Economy Back Into Balance tweet at 9:37am: Fed's Williams: - Demand in the US Remains Very Strong - Demand in Our Economy is Much Stronger Right Now Than in Normal Times - Lags in Our Actions Also Take Time; We Take That Into Consideration - Housing Sector Seeing Definite Slowdown tweet at 9:44am: Fed's Williams: - Still Seeing High Demand for Services, Labor - Goods Prices Declining But They Have A Ways To Go - See Demand-Supply Imbalance In Core Services Ex-Hsng - Need To Keep The Service Industry In Line With The 2% Inflation Target tweet at 9:46am: Fed's Williams: - Rent Driven Inflation Looks to Ebb Over Time - Backlog Of Demand In Our Economy Is Still Strong - Job Market is Extraordinarily Tight Right Now - Doesn't Know How Much the Unemployment Rate Will Rise