Accomodative policy needed for a few years – Fed’s Williams

FXStreet (Mumbai) – The San Francisco Fed head Williams said today that the Fed would need an accommodative policy for a few more years.

Williams also said the policy must cope with low natural interest rates.

Meanwhile, the data released in the US showed consumer confidence rebounded less than expected in October as wealthier households worried about volatility in financial markets.

The University of Michigan final consumer sentiment index for October, released Friday, came in at 90, lower than the preliminary reading of 92.1. The final September reading was 87.2.

The San Francisco Fed head Williams said today that the Fed would need an accommodative policy for a few more years.

(Market News Provided by FXstreet)