Fed’s John Williams: 3, Maybe More 2017 Fed Hikes Make Sense

Federal Reserve Bank of San Francisco President John Williams predicts three or “maybe even more” interest-rate increases this year make sense, depending on how the nation’s central bank is doing on its employment and inflation objectives.

“A view, like the median view of my colleagues, of say three or maybe even more increases this year, makes sense to me, but it would depend on the data,” Williams said in a Wall Street Journal video interview broadcast on its website on Thursday.

The Federal Open Market Committee voted to lift rates for the first time in 2017 on March 15 and signaled that more hikes are coming. The median estimate was for three rate increases in total this year, based on quarterly forecasts submitted by policy makers. That outlook comes at a time when inflation is edging up toward the Fed’s 2 percent objective and unemployment has fallen to levels broadly

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