San Francisco Fed chief being interviewed on BBG.

  • economy to grow by 2.5-3.0% in 2014
  • jobless rate to fall to 6.25% by year end and 5.5% by end-2015
  • sees inflation up to 1.7% end-2015
  • urges Fed not to stoke risk as it boosts employment

Williams is not a policy voting member this year

  • doesn’t see a big risk to economy in credit markets