Williams is a particularly important member of the Federal Reserve to monitor, not because he is a driver of Fed monetary policy, but because he worked, for 6 years, under current Federal Reserve chair Janet Yellen, when she was president of the SF Fed. He appears to remain close to her and tends to reflect her thinking when he comments publicly.
Following his formal remarks, I took the opportunity to ask about the seeming switch in policy thinking where Fed members appear to have become more dovish (SEE: Is This Fed President An Idiot? Read These Two Headlines And Decide ) and ask him aboout the speculation that a "Shanghai Accord" was reached by top financial officials to help out China by driving the US dollar lower against the yen and the euro (SEE:Has a Secret International Deal Been Made to Drive the Price of the US Dollar Down?), when they met for the G20 meetings in Shanghai
My questions and his responses are below (From 11:33 to 16:00)