<p>Comments from the New York Fed President John Williams in a moderated discussion on the economic outlook.</p><ul><li>Economic outlook is uncertain, data will drive monetary policy</li><li>Expects inflation to cool to 3.25% this year</li><li>Unemployment rate to tick up to around 4.5%</li><li>Current banking problems aren’t an echo of 2008 events</li><li>Banks are resilient and well capitalized</li><li>Have to put </li></ul><p>We’ve heard these comments before, he loves to tout economic data dependence.</p>

This article was written by Adam Button at www.forexlive.com.