Fed's Williams: US inflation to get to around 2% in next two years
|John Williams, President and Chief Executive Officer of the Federal Reserve Bank of San Francisco (non-voter), is on the wires now and expects US inflation to get to around 2% in next two years.
Additional quotes:
• I fully support normalization of balance sheet
• Could be one more rate hike this year, three next year, based on how economy develops, but exact timing not important
• We have quite a bit of room to reduce interest rates in response to negative economic developments if needed
• We are as close as we have ever been in my career regarding inflation, employment goals
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