BRIEF-Ny Fed's Williams Says Covid Had An Enormous Shock On Supply And Demand
July 12 (Reuters) -
* NY FED'S WILLIAMS SAYS COVID HAD AN ENORMOUS SHOCK ON SUPPLY AND DEMAND
* WILLIAMS SAYS IT'S REALLY HARD TO DECIPHER WHAT IS AN UNDERLYING OR PERSISTENT FACTOR VERSUS A TEMPORARY FACTOR
* WILLIAMS SAYS FED HAS TO WATCH THE DATA AND CONTINUE TO LEARN AS THE ECONOMY PROGRESSES
* WILLIAMS SAYS SOME PRICES CHANGES CAUSED BY COVID WERE CLEARLY TRANSITORY
* WILLIAMS SAYS FROM MONETARY POLICY PERSPECTIVE IT IS IMPORTANT TO FOCUS ON MEDIUM TERM
* WILLIAMS SAYS NEW FRAMEWORK IS HELPING TO MOVE INFLATION EXPECTATIONS CLOSER TO FED'S GOAL
* WILLIAMS SAYS IT IS IMPORTANT FOR REGULATORY AUTHORITIES AND MACROPRUDENTIAL POLICIES TO FOCUS ON STRENGTHENING THE FINANCIAL SYSTEM SO MONETARY POLICY CAN FOCUS ON THE ECONOMY Source text for Eikon: Further company coverage: [ ] (Reporting by Jonnelle Marte)
