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Fed's Williams says wants June rate hike if growth meets forecast

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San Francisco Federal Reserve President John Williams said Tuesday that all he needs to see is economic growth that is on track with his forecast, continued job gains and slightly stronger inflation for him to support an interest-rate hike in June.

[SAN FRANCISCO] San Francisco Federal Reserve President John Williams said Tuesday that all he needs to see is economic growth that is on track with his forecast, continued job gains and slightly stronger inflation for him to support an interest-rate hike in June.

"As long as the inflation data are consistent with the forecast I have of moving toward 2 per cent, that would be enough" to support a June rate hike, Mr Williams said in an interview on Bloomberg Radio.

Mr Williams said he expects economic growth of about 2 per cent this year.

REUTERS