Fed's Williams: Monetary policy is well-positioned to manage risks

Comments from the New York Fed President Energy prices affect inflation and disposable incomeHigher energy prices hit both sides of the Fed's mandateSo far the war is showing up in gasoline prices but not yet economic dataUncertainty and risks have increased in both directionsIt takes months or even years for energy to work its way throughMarkets are pretty… Energy prices affect inflation and disposable income Higher energy prices hit both sides of the Fed's mandate So far the war is showing up in gasoline prices but not yet economic data Uncertainty a... Energy prices affect inflation and disposable income Higher energy prices hit both sides of the Fed's mandate So far the war is showing up in gasoline prices but not yet economic data Uncertainty and risks have increased in both directions It takes months or even years for energy to work its way through Markets are pretty optimistic that oil prices will come back down It's too soon for energy to… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.