SF Fed president speaks to reporters after speech in San Francisco
He adds:
- doesn't see incipient inflation pressures;no signs in wage data of inflation surge
- could change rate view if economy evolves differently
- not concerned about slope of yield curve
- central bank policies put downward pressure on rates
- repeats 3 rate hikes in 2018 makes sense. Could see more or less dependent on the economy
- global growth convergence to reduce dollar volatility
- reiterates sees 2.25% to 2.5% growth in 2018
Williams is a voting member on the FOMC board this year.