Williams Says Fed ‘Should Stick to’ Plan for Gradual Rate Hikes
- San Francisco Fed chief doesn’t see economy in faster gear
- ‘Economy’s performing almost exactly as expected’: Williams
John Williams
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Federal Reserve Bank of San Francisco Fed President John Williams downplayed concerns that the U.S. central bank would overreact to a brightening economic outlook by ramping up the pace of interest-rate increases.
“I have boosted my growth forecasts for this year, but I don’t see an economy that’s fundamentally shifted gear,” he said in remarks prepared for delivery Friday in San Francisco. Noting that the Fed had outlined a path of gradual rate hikes in 2018, Williams said “my own view is we should stick to that plan.”