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
