Daily Traders Edge

Fed’s Williams sees gradual U.S. rate hike path as ‘best course’

February 19
01:50 2016

The Federal Reserve should stick with its plan to raise interest rates gradually, a top policymaker said on Thursday, given his view that unemployment is headed to 4.5 percent by late this year and inflation is set to reach 2 percent in two years. San Francisco Fed President John Williams said his outlook has changed little since December, when he and other U.S. central bankers raised interest rates for the first time in almost a decade and signaled they were inclined to hike borrowing costs four more times this year. Williams, it appears, is no longer so concerned.

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