Economics
Fed's Williams Isn't Changing Views After Asset-Price Gyrations
- San Francisco chief still sees case for gradual hikes in 2018
- Even four rate increases is ‘very gradual,’ he tells reporters
CIBC's Stretch Says the Fed Can Look Through This Volatility
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Federal Reserve Bank of San Francisco President John Williams said he isn’t altering his view on the U.S. economy or preference for a continued gradual rate hike path after several days of volatile markets.
“It’s not about the market themselves, it’s about -- basically, what are they telling us about the likely path of the economy?" Williams told reporters after a speech in Hawaii. “At this point, I don’t see any of the movements in asset prices of late to fundamentally change my view of the economy. I think the economy is on a very solid growth path. In fact, I think some of the market reaction is to the fact that the economy is doing well.”