Fed's Williams: Sees US growth around 2.5% in 2018, 2019
Comments from SF Fed President Williams
- Recent inflation pickup "very reassuring to me"
- Backs FOMC projections of further hikes in 2019 and 2020
- 3-4 hikes this year the 'right direction' for policy
- I feel very positive about US and world outlook
I wonder, will his forecasts change when he becomes President of the New York Fed? How about his feelings on bank regulation?
More importantly, the low growth forecasts from him and Kaplan help to set a low bar for 3 more hikes this year.