Name: John C. Williams

Summary: Fed is clearly on a path of returning rates to normal: Williams: "The Federal Reserve is clearly on a path of returning interest rates to a normal level of 3 percent to 3.5 percent over the next few years, a top Federal Reserve official said on Friday. Raising rates in December was the right thing to do, given the improvement in the labor market, San Francisco Federal Reserve Bank President John Williams said. Further and gradual rate increases "make sense" he said, although the exact timing of rate hikes will depend on the economic data."

Lean: Hawkish

Substantially Similar to Prior Statements: No

Statement Date: January 29, 2016

Publication Date: January 29, 2016

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