San Francisco Fed President John Williams told Spanish newspaper El Pais that it’s too soon to tell if there will be a trade war. He pointed out “the reality is that it is not so serious as some headlines suggest”. However, Williams also warned that “if the conflict increases there will be less growth, more inflation and lower quality of life all over the world.”
Regarding central bank communications on stimulus exit, Williams said “it should be repeated until people have had enough of hearing the message.”
