Feds Williams: Risks balanced, economy could do better than expected

Author: Greg Michalowski | Category: Central Banks

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.
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