Fed's Williams lauds recovery, sees 3 or more hikes this year - Reuters

Eren Sengezer FXStreet

"Lifting rates gradually prevents the economy from overheating... I would not rule out more than three increases total for this year," said San Francisco Fed President John Williams in a speech at an economists' club in New York.

Key quotes (via Reuters)

U.S. rate hikes needed to avoid overheating
Largely attained hard-fought economic recovery
Slow labor growth, productivity main impediment to GDP growth
Such supply-side impediments largely outside Fed policy purview
Williams expects to hit 2 pct inflation goal in next year or so
Williams expects roughly 1.75 pct GDP growth this year and next

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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