San Fran Federal Reserve head John Williams, more remarks crossing
- Says very good case can be made for three rate hikes in 2017 even without fiscal stimulus
- May need to raise rates faster if economy, inflation accelerates
- Hard to know what new policies will be, how they will affect growth, inflation
- Appropriate infrastructure spending can enhance productivity
- Just increasing deficits just makes situation worse
- Hesitant to support active use of balance sheet to tighten policy
- He has penciled in some fiscal stimulus into his forecast as giving small boost to growth
- If there is bigger fiscal stimulus would be more open to adjusting balance sheet
Headlines via Reuters
Earlier:
- More Fed Williams: More fiscal stimulus could cause higher growth
- Fed's Williams: We've reached Fed's goal of full employment
