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Dec 19, 2014

Fed’s Williams sees June 2015 ‘reasonable’ for rates liftoff

SAN FRANCISCO (Reuters) – U.S. inflation will likely still be “well below” the Federal Reserve’s 2-percent target next year, but that won’t stop the central bank from raising interest rates, a top policymaker said on Friday.

“I would say at this point that June 2015 seems like a reasonable starting point for thinking about when liftoff could happen,” San Francisco Federal Reserve Bank President John Williams, who will rotate next year into a voting spot on the Fed’s policy-setting committee, told Bloomberg Radio.

Dec 19, 2014
Dec 19, 2014
    • 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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