Comments from San Francisco Fed President John Williams:
- 2015 is going to be an interesting year in monetary policy
- Low inflation reflects labor market not back at full strength
- Wage and domestic price pressures to rise this year
- Underlying momentum of US economy is good
- Expect full US employment by end of year or early 2016
- Global economic outlook has worsened
- Expects 2.5-3.0% US GDP growth
On Jan 12, Williams spoke with Bloomberg and said a June liftoff is a “reasonable guess” and it “will probably be a close call” assuming that inflation doesn’t fall further.
