Head of the Federal Reserve bank in San Francisco John Williams
- Says US economy can handle an interest rate increase
- Says arguments from Rosengren, who dissented on Fed decision, are 'compelling'
- It is getting harder and harder to justify incredibly low interest rates
- He worries about getting too 'greedy' on reducing unemployment rate
- Sees significant difference of view inside Fed
- An easy way to convince markets Fed will raise rates is by raising rates
- Says Yellen fully understands both sides, is right person to find way forward
- He expects Yellen to stay until term ends in 2018, no matter who becomes president
Headlines via Reuters. Williams speaking in an interview. He is a non-voter at the FOMC this year. (Non-voters still participate in the discussions, though. And fetch coffee and donuts.)
