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Fed official sees less risk of rate retreat after lift-off

San Francisco Fed chief John Williams says central bank now needs to weigh risks of waiting too long before hiking rates

Mr Williams (above) says rates should stay below neutral to help the economy grow at a faster-than-normal pace.

San Francisco

AS the US job market improves, the risk is receding that an unexpected setback could derail the recovery once the Federal Reserve raises interest rates, San Francisco Fed President John Williams said.

Concern that it could be forced to retreat to near-zero interest