Federal Reserve's Williams is crossing the wires and has said that the growth outlook outside the U.S. has dimmed.

Further comments:

  • Investment has softened mfg output has declined.
  • Sees U.S. 2019 Gross Domestic Growth is around 2.25%.
  • Spending is positive, other signs indicate slower growth.
  • Does not see an elevated near-term chance of U.S. recession.
  • Must be ready to adjust policy to prolong economic expansion.

Additional Fed speakers today:

Powell speech: Policy has not been as accommodative as we thought

Fed's Barkin: Focused on economic data, not the markets

Fed's Bostic: Sceptical inflation expectations are weak