Name: John C. Williams
Summary: Fed's Williams, unfazed by China, sees 3-5 rate hikes this year: "San Francisco Federal Reserve President John Williams said Monday he is unfazed by the weak economic data out of China that has spooked Wall Street, and sees three to five U.S. interest rate hikes this year as reasonable given the strength of the U.S. economy. "In terms of those developments ricocheting into the U.S. economy, I think we have really really strong fundamentals, in terms of consumer spending, in terms of our economic trajectory, so right now at least this isn't a big concern for me," said Williams, one of the few Fed officials who regularly visits China for a first-hand look at the world's second-largest economy. For 2016, "I think something in that three to five rate hike range makes sense at least at this time," Williams said in an interview on CNBC."
Substantially Similar to Prior Statements: No
Statement Date: January 4, 2016
Publication Date: January 4, 2016All Members All Statements