Fed’s Williams: US and other developed nations headed for growth slump

San Francisco Fed President Williams is out on the wires now, speaking at an event in Sydney.

Key Points via Reuters:

Sees inflation rising to 2% in next year or so

US has regained, even surpassed, full employment

US and other developed nations headed for growth slump

Estimated GDP trend growth for US-CA-UK-EU stands at about 1.5%, less than half what it was 30 years ago

They in process of gradually withdrawing stimulus