San Francisco Fed president says he wants move ‘sooner rather than later’
by Greg Robb
WASHINGTON (MarketWatch)—San Francisco Fed President John Williams said Thursday that he would like to see another interest-rate hike “sooner rather than later,” suggesting he is in the camp that would be in favor of a move at the next meeting in late September.
“The broader national economy is in good shape,” Williams said in a speech prepared for delivery to a business group in Anchorage, Alaska.
“In the context of a strong domestic economy with good momentum, it makes sense to get back to a pace of gradual rate increases, preferably sooner rather than later,” Williams said.
The San Francisco Fed president isn’t a voting member of the Fed policy committee but is seen as an influential figure due to his close ties with Fed Chairwoman Janet Yellen.