Fed’s Williams Sees No Reason to Rush With Rate Increases

The Federal Reserve shouldn’t raise interest rates too soon because the U.S. economy still needs the support of easy monetary policy, said John Williams, president of the San Francisco Fed.

“I see no reason whatsoever to rush to tightening,” Williams told reporters today in Boston. “This is a U.S. economy that although doing a lot better, still needs monetary accommodation for above-trend growth.” He added that he doesn’t rule out tightening later in the year.