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.