More from San Francisco Federal Reserve head John Williams (an FOMC voter in 2015):

  • December's decision not just about rate hike but also how to communicate path
  • Fed's economic projections will be key to what 'gradual' rate hikes mean
  • Stronger dollar has a range of effects on US economy, not all of them bad
  • Will take a few years to get from near-zero short-term rates to long-run norm of 3.5 pct
  • May need to revisit how we measure inflation in light of changes wrought by facebook, twitter

Headlines via Reuters

Williams has been nattering away today ....earlier:

  • Fed's Williams: Prefers liftoff sooner rather than later
  • More from Fed's Williams: Fed has got the overall economy as strong as we can get
  • More again from Fed's Williams: Markets won't be surprised by first Fed rate hike