Fed’s Williams says we could have another rate hike this year

Speaking at an SNB event

• Fed funds rate to be the primary policy tool over the next few years
• It is not surprising that inflation hasn’t picked up more
• The new normal for FFR is around 2.5%
• Says he supports a gradual rise in rates
• We have quite a bit of room to reduce rates in response to negative economic developments if needed
• We are as close as we have been in my career to our goals on unemployment and inflation

Not much here to get USD traders pulses racing.

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Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

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