Head of the San Francisco Federal Reserve John Williams

  • Federal Reserve committed to shrinking balance sheet gradually
  • Fed to begin shrinking balance sheet later this year
  • US economy is as close as it has ever been to Fed's two goals
  • Says gradually raising rates will prevent US economy from overheating
  • Says last thing Fed wants to do is fuel unnecessary volatility or disruption

Headlines via Reuters

Williams also remarking on US fiscal policy and the uncertainty on government policy.


Williams speaking at the Symposium on Asian Banking and Finance, co-hosted with the Monetary Authority of Singapore.

Williams also spoke on how big a bowl of fish head curry he would like