Fed's Williams says rate hike should be on the table in September
Published Aug 18, 2016 07:30PM ET
Fed's Williams wants rate hike soon
Investing.com - San Francisco Federal Reserve Bank President John Williams called Thursday for an increase in the Fed's policy rate as early as September, saying the risks of waiting too long are growing.
"In the context of a strong domestic economy with good momentum, it makes sense to get back to a pace of gradual rate increases, preferably sooner rather than later," Williams said in prepared speech to the Anchorage Economic Development Corporation in Alaska.
Williams is not a voter this year on the policymaking Federal Open Market Committee.
"We're at full employment, and inflation is well within sight of, and on track to reach, our target," he said. "Under these conditions, it makes sense for the Fed to gradually move interest rates toward more normal levels."
In remarks after the speech, Williams said "every one of our meetings should be in play. I think September should be in play. I personally have felt that for some time."
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Written By: Investing.com
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