Hassett: Fed has plenty of room to cut

*FED'S WILLIAMS: SOME DATA WE'RE SEEING IS PRETTY ENCOURAGING Fed's Williams: CPI data had some distortions, will need more data to get a good read on inflation FED'S WILLIAMS: CPI DATA MAY HAVE BEEN PUSHED DOWN A BIT FED'S WILLIAMS: DOESN'T HAVE A 'SENSE OF URGENCY' ON CHANGING MONETARY POLICY Fed's Williams: With inflation above target, mildly restrictive monetary policy is helpful.

WALLER HAD A ‘STRONG INTERVIEW’ FOR FED CHAIR WITH TRUMP AS PRESIDENT APPEARS TO TURN FOCUS TO JOB MARKET - CNBC TRUMP, WALLER DISCUSSED LABOR MARKET: CNBC

This week’s two critical reports on the labor market and inflation started setting the stage for the next Fed rate reduction, with their headlines of ebbing employment growth, rising joblessness, and slowing price changes. However, beyond the headlines, questions concerning data quality and other results argued for a more cautious policy approach to begin ...