Fed’s Williams: repeats Oct 5th comments; one more rate hike seen in 2017, 3 hikes next year

Ross J Burland FXStreet

Fed’s Williams was hitting the wires, repeating his Octt 5th comments for one more rate hike seen in 2017, 3 hikes next year, ‘a little bit more in 2019’ - RTRS

Key Quotes:

Long-run inflation expectations don't necessarily signal we’re making a mistake
Strong economy needed to offset low inflation
Strongly opposes replacing inflation target with a range
Setting a range for inflation goal could allow expectations to drift to lower bound of range
Need QE, forward guidance as future policy options
Ruling out QE as future policy option could change infl. Expectations significantly

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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