Fed Williams Still Sees 2 or 3 Rate Hikes This Year

Two or three Federal Reserve interest rate increases this year would be “reasonable,” but the central bank will continue to watch economic data, San Francisco Fed President John Williams said Thursday.

“We should stay on our basic strategy of gradually reducing accommodation,” he told CNBC from the sidelines of a conference on monetary policy at Stanford University’s Hoover Institution.

Williams does not vote on the Fed’s policymaking committee this year. Last month, the Federal Open Market Committee voted to keep its target range for the federal funds rate at 0.25 to 0.5 percent as it monitored global economic developments and progress toward its 2 percent inflation target.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza