Fed’s Williams: All Fed meetings are ‘live’, but Dec may be 'ideal time' to raise rates
|San Francisco Fed President John Williams (not a voting member) crossed the wires last minutes, via @DeltaOne on Twitter, noting that all FOMC meeting are ‘live’, although sees December FOMC as the ideal time to raise rates.
Key Quotes:
“December FOMC may be ideal time to raise rates”
“The Fed hasn't pumped up the stock market”
“All Fed meetings are eligible for action”
“It may be better to raise rates at a meeting with a press conference”
“Press conference is a valuable tool to explain rate rise reasons”
“Election concerns aren't a big factor for the Nov meeting”
“Stock market reflects the global risk appetite”
“Fed has luxury to raise rates slowly”
“Still favours gradual path of rates”
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