John Williams is President of the Federal Reserve Bank in San Francisco ; he is speaking in Seoul today
- Says US inflation below 2 pct is a challenge for monetary policy
- Says three rate increases for this year his base line view, four hikes possible if US economy strengthens
- US inflation moving away from 2 pct goal would affect monetary policy decision
- US economy is doing very well
4 rate hikes in 2017?
Not
gonna
happen
I reckon 2 will be a stretch.