Economics
Fed's Williams Sees Gradual Policy Tightening of Three Hikes
- Economy as close to Fed’s twin goals ‘as we’ve ever been’
- Undershooting full employment risks overheating: Williams
Fed's Williams on U.S. Economy, Inflation, China
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Federal Reserve Bank of San Francisco President John Williams said three interest-rate increases this year makes sense as the central bank takes gradual steps to tighten monetary policy and shrink its balance sheet to prevent the economy from overheating.
“The U.S. economy is about as close to the Fed’s dual mandate goals as we’ve ever been,” Williams in Singapore on Monday. “It’s more important than ever for monetary policy to work toward what I like to call a ‘Goldilocks economy’ -– an economy that doesn’t run too hot or too cold.”