FXStreet (Bali) – San Francisco Federal Reserve Bank President John Williams, who spoke in Arizona over the weekend, when asked about his position for a December rate hike, said he expects “a lot of data” still to come, which may influence his decision, adding that “I am going to wait and see.”
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“I do think it makes sense to gradually remove the policy of accommodation that helped get the economy to where we are.”
“Factors holding inflation low (eg. oil prices, strong dollar) should soon ebb and allow inflation to bounce”
“Starting rate hikes sooner than later would allow a smoother, more gradual process of policy normalization.”
“To my mind, October decision was a close call, in part reflecting the crosscurrents we’re navigating.”
“With the unemployment rate now at 5 percent, we’ve reached my estimate of full employment based on that measure.”
“US should reach or exceed full employment across a broad set of measures by the end of this year or early next year.”
“I see inflation moving back up to our 2 percent goal within the next two years.”
(Market News Provided by FXstreet)