Federal Reserve San Fran head John Williams (non voter this year), speaking with media after his speech & Q&A:

Headlines via Reuters :

  • Says the idea of the US needing to go to negative interest rates 'seems very remote'
  • Hasn't changed his underlying projections for China's growth
  • Says 'not that concerned' about data coming out of China
  • Fed's interest rate projections have not outlived their usefulness

Headlines on Bloomberg:

  • Important that fed gradually remove accommodation
  • Headwinds economy faces means progress won't be quick
  • Sees chance US to need negative rates as very remote
  • Fed has options in a downturn, negative rates a tool
  • Declines to comment on his interest-rate forecast
  • Could imagine cutting interest rates again if needed