Economics
Fed's Williams Sees 'Huge Impact' on U.S. From China, Brazil
- 'Real issue is the global financial and economic developments'
- U.S. economy grew 1.4% in fourth quarter, exceeding estimate
Inflation Ticks Up Slowly, What's Next for Fed?
This article is for subscribers only.
Federal Reserve Bank of San Francisco President John Williams said the global economy, particularly China and Brazil, was having a significant impact on measures that U.S. policy makers watch to determine interest rates.
The world’s largest economy is doing "quite well," Williams said Monday in an interview on CNBC, citing stable inflation and strong employment growth. The U.S. economy grew at a faster pace than expected in the fourth quarter, with a 1.4 percent increase. That compared with a prior Commerce Department estimate of 1 percent, figures issued Friday show.