Fed's Williams: We're trying to send better signals on rates

Q&A from Williams

Williams says the Fed is trying to telegraph the path of US rates so the rest of the world can better prepare.

If that's the case, what a bumbling failure they've been.

Consider this, what if the Fed hikes in June in a desperate bid to recapture some credibility on forecasts? That would setup an incredible US dollar rally.

More from Williams:

• US economy doing quite well
• Global growth is holding back US economy
• No sign of emerging market capital flight on talk of US rate hikes