Name: John C. Williams

Summary: Fed's Williams says sees 'smidgen' slower rate hikes: "The Federal Reserve probably needs to keep U.S. interest rates lower for longer given headwinds from weak global economic growth, a stronger dollar and an unexpectedly sustained drop in oil prices, a top Fed official suggested on Friday. San Francisco Federal Reserve Bank President John Williams told reporters he now sees slightly slower growth, slightly higher unemployment, and about a tenth of a percent lower inflation this year than he had expected in December, when the Fed raised rates for the first time in nearly a decade."

Lean: Dovish

Substantially Similar to Prior Statements: No

Statement Date: January 29, 2016

Publication Date: January 29, 2016

All Members All Statements