Sunday, December 20, 2015, Poush 6, 1422 BS, Rabiul Awal 7, 1437 Hijri


Fed's Williams wants low rates, hot economy in 2016
Published :Sunday, 20 December, 2015,  Time : 12:00 AM  View Count : 8

SAN FRANCISCO, Dec 19: The Federal Reserve aims to keep the U.S. economy running hot next year to boost the job market and inflation, a top central banker said, and to achieve that goal interest-rate hikes will be slow but will not follow any predictable pattern.
"Every meeting will truly be live in terms of adjusting policy one way or the other," San Francisco Federal Reserve Bank President John Williams told Reuters in an interview, referring to the Fed's policy-setting meetings.
Fed officials on Wednesday unanimously backed an increase to the central bank's benchmark interest rate target, lifting rates from near zero for the first time since the financial crisis. The policy meeting had been widely anticipated as ending in a rate hike.
Afterwards, attention turned immediately to the likely timing of the next move. Many economists have latched on to March as the most probable, in part because that would coincide with Fed Chair Janet Yellen's next scheduled press conference.
Fresh forecasts from the Fed suggest policymakers are looking for about four rate hikes next year. Williams - who worked for Yellen when she ran the San Francisco Fed before handing the reins to him, and whose views are seen to align closely with hers - s









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