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Fed’s Williams: US doing fine, world isn’t – CNBC

March 28
14:45 2016

A member of the U.S. central bank’s monetary policy committee told CNBC he believed global developments are preventing the world’s largest economy from returning to normalized interest rates.

John Williams, President & CEO of the Federal Reserve Bank of San Francisco, told CNBC on Monday that the U.S. economy was doing “quite well,” pointing to stable inflation and strong employment growth.

“The real issue is the global financial and economic developments, there’s uncertainty about what’s happening around the world and how that feeds back to the dollar and the U.S. economy,” he told ‘Asia Squawk Box.’

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