More from John Williams, head of the San Francisco Federal Reserve.

  • Fed policy will still be accommodative after lift off
  • This will be the most gradual tightening in Fed history
  • We're seeing some signs of domestic inflation pick up
  • Already seeing signs of inflation rising in the US as economy strengthens
  • Low inflation is why the Fed will still have low rates even after it begins hikes
  • Not worried about inflation, but there may be other imbalances

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Earlier comments:

  • More from Fed's Williams: September NFP at 147K still marks labor market progress
  • Fed's Williams: Repeats he sees Fed rate 'lift off' in 2015