Comments from SF Fed President John Williams from the Washington Post.
- There’s very little change in my view of the underlying momentum in the economy from Dec
- One thing that has changed is unemployment is definitely lower
- I haven’t fundamentally changed my policy views over next couple years
- FOMC view also hasn’t changed fundamentally
- Interest rates might be just a little higher than people thought before
- “Considerable period” is not specific about a time frame
- My expectation is we will raise interest rates in H2 2015, “so we’re not talking about April”
- At the end of 2016 my own view is that interest rates will be well below 4 percent
