Fed's Williams Says March Hike to Get ‘Serious Consideration’
- U.S. economy nearing Fed’s goals on inflation and unemployment
- FOMC should ease ‘off the gas’ to avoid overheating economy
John Williams
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve Bank of San Francisco President John Williams said he expects an interest-rate increase to receive “serious consideration” when he and other U.S. central bankers gather March 14-15 in Washington.
“We’re very close to achieving our dual mandate goals. Yet monetary policy essentially still has the pedal to the metal,” Williams said in the text of a speech he’s scheduled to deliver Tuesday in Santa Cruz, California. “We need to gradually ease our foot off the gas in order to avoid a ‘too hot’ economy that in the end isn’t sustainable.”