Fed's Williams energy price view driven by market pricing

By Michael S. Derby

NEW YORK, March 30 (Reuters) - Federal Reserve Bank of New York President John Williams said Monday his view that energy prices will retreat later this year is driven by the financial market’s outlook.

Williams told reporters after a speech in Staten Island, New York, that his outlook is “kind of consistent with where markets see oil prices, but there's obviously, you know, other scenarios.” He added: “We’ll have to see over…coming weeks” how this plays out.

While this happens, he said, "I just have to watch the data and try to get better understanding” of what the surge in energy prices will do to the economy.