Name: John C. Williams

Summary: The Right Profile: Economic Drivers and the Outlook: "This is just to put into context that when I look at my December forecast and compare it with my outlook for unemployment and core inflation today, there’s virtually no change. The shifts in my forecast amount to just one-tenth of a percentage point. I therefore continue to see a gradual pace of policy normalization as being the best course. My preferred route is a gradual path of increases. This reflects the fact that the economy still needs a gentle shove forward from monetary policy, as we continue to navigate the headwinds from weakness abroad and their effects on the dollar and commodity prices."

Lean: Hawkish

Substantially Similar to Prior Statements: No

Statement Date: February 18, 2016

Publication Date: February 18, 2016

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