Data dependence catching on, says San Fran Fed president

San Fran Fed president John Williams

Markets increasingly view monetary policy as data dependent in both the United States and United Kingdom, according to the Federal Reserve Bank of San Francisco president, John Williams.

The Federal Open Market Committee (FOMC) is keen to stress the path of interest rates will "depend on the economic outlook as informed by incoming data". This message seems to be getting through, say Benjamin Pyle and John Williams.

In an economic letter, published April 11, they find market participants became

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account