Fed's Williams: Underlying price trends point to inflation being around Fed's target

New York Fed President Williams crossed the wires in the last hour arguing that the underlying price trends point to inflation staying around the Federal Reserve's 2% target.

Key quotes (via Reuters)

• U.S. economy is still in a very good place.
• Some risks to global growth have receded.
• Domestic drivers of U.S. economy are strong, expects growth above 2% this year.
• Inflationary pressures are essentially nonexistent.
• We are around neutral interest rate.
• We should be right where we are in terms of interest rates, no argument to move at this point.
• Want to see inflation at target for an extended period, little risk of inflation running hot right now.