Fed's Williams: Fed needs to get monetary policy back to 'normal'

San Francisco Federal Reserve Bank President John Williams crossed the news wires in the last hour, providing key quotes, via Reuters, found below.

U.S. economy is moving from a period of headwinds to one of tailwinds.

Tailwinds to U.S. economy include tax cuts, global economic environment.

Financial conditions, confidence is a third tailwind for U.S. economic growth.

U.S. unemployment to fall to 3.7 pct late this year.

Low inflation is the 'good news,' expects inflation to move back to 2 pct in next two years.

Fed needs to get monetary policy back to 'normal'.

Fed is not ahead or behind the curve, well-positioned to keep economy on sustainable path.

This is a time of change at the Fed, an institution that does not like change.

Incoming Fed Chair Powell is about continuity, carry forth policies under Chair Yellen.