Correspondent, Chicago
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Apr 2, 2014

Fed should hike rates in second half of 2015: Williams

By Ann Saphir

(Reuters) – The Federal Reserve should start raising U.S. interest rates in the second half of next year, and should do so only gradually, keeping borrowing costs well below normal levels even into 2017, a top U.S. central banker said on Wednesday.

“Given the economic outlook, and given also my view that we need accommodative policy relative to historical norms, we need to have relatively low levels of interest rates for quite some time,” San Francisco Federal Reserve Bank President John Williams told Reuters. “My own view is it makes sense to start raising rates in the second half of 2015.”

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    • About Ann

      "Coverage includes Federal Reserve regional banks, U.S. monetary policy, interest-rate futures markets, and financial exchanges and clearinghouses serving the derivatives marketplace, including CME Group."
      Joined Reuters:
      2010
      Languages:
      English, Japanese
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