Meet John Williams

(1) A big promotion at the Fed. (2) A voter for all seasons. (3) Williams is a gradualist. His dots are in the middle of the pack. (4) Fed aiming for 3.50% by 2020. (5) Fed study says new normal for real GDP growth is 1.6%. (6) Williams agrees that’s the trend, which is counter to the projections of Trump’s supply-siders. (7) Demography is determining weak labor force growth. (8) Waiting for technology to boost productivity growth. (9) Why aren’t wages up 3%-4% by now? (10) Baby Boomers aren’t retiring and aren’t getting paid more.