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Brexit NBD For U.S. Economy: San Fran Fed President Williams

It's basically a non-event (for us).
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Everyone across the pond and beyond might be screwed but in the U.S. it's all good. Business as usual. As you were.

U.S. market reaction to Britain's vote to leave the European Union has played out "more or less" as expected, and the impact on the U.S. economy is much less than other that of other events in recent years, a top Federal Reserve official said on Tuesday..."I don’t think it is nearly as big a deal as the euro crisis from 2011-2012," he said. Asked if his message is that "the economy is doing well. Full stop," Williams agreed.

Fed's Williams says Brexit effect as expected, no big deal [Reuters]


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