Name: John C. Williams

Summary: After the First Rate Hike: "But if my aim is true and things evolve as expected, the path will look more like an airplane’s gentle ascension than a rocket shooting straight up: At that pace it will take nearly three years before the funds rate reaches a stable level. But even then, our cruising altitude, as it were, likely won’t be as high as in the past."

Lean: Neutral

Substantially Similar to Prior Statements: No

Statement Date: January 8, 2016

Publication Date: January 8, 2016

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