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John Williams Sees Fed Likely Raising Interest Rates ‘Somewhat’ More

  • New York Fed chief: Goal is to keep strong economy on track
  • Rates are still “very low” and path not on preset course
John Williams
John WilliamsPhotographer: Andrew Harrer/Bloomberg
Updated on

The U.S. central bank will stick with its campaign of gradual interest-rate increases to extend the economic expansion and keep inflation low, said Federal Reserve Bank of New York President John Williams.

“We’ll be likely raising interest rates somewhat but it’s really in the context of a very strong economy,” he said at a community event in New York on Monday. “We’re not on a preset course. We’ll adjust how we do monetary policy to do our best to keep this economy going strong with low inflation.”