Fed's Williams says wants June rate hike if growth meets forecast
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle