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Fed's Williams says well aware of market pricing but Fed is not obliged to ratify market levels
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Considering his more centrist/neutral position mostly (with a slight dovish lean), the remarks above fit with that as they are nothing hawkish whatsoever.
The headline remark is perhaps the most notable with markets now pricing in ~63% odds of a rate hike for September next.
That being said, his statement reads more as a "I cannot confirm nor deny" if market pricing is fitting with what the Fed will do next month.
Upcoming economic data will play a crucial role but also how the US-Iran conflict will change in the weeks ahead.
Looking to year-end, markets are pricing in ~34 bps of rate hikes with ~50 bps of rate hikes priced by the middle of next year.