Following on from his earlier comments, more now from San Fran Fed head Williams
- Says 2 to 3 US interest-rate hikes this year 'reasonable'
- Says does not matter whether fed raises rates in April, June or July
- What is important is raising rates gradually over next few years
- Does not expect a lot of market turmoil when fed raises rates
- Economic data in recent months consistent with own expectations
- Sees unemployment at 4.75% by year end, vs prior view of 4.5%
- Slightly higher unemployment rate driven by more Americans returning to work
- Sees inflation on 'right trajectory,' rising to 2% by end of next year
Earlier:
- Fed's Williams warns of risks from financial technology
- Fed's Williams: We're trying to send better signals on rates
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I reckon there are some out there that might disagree with him on the 'timing unimportant' comments. Interest rate traders, for example. As for 'reasonable' to expect 2 or 3 hikes this year, I don't think so.
