President of the Federal Reserve Bank of San Francisco John Williams

  • says raising rates in December, three more times next year is 'perfectly reasonable'
  • says what really matters is gradually moving rates back to normal, not exact timing
  • still one more month to gather data before next fed meeting
  • says fed should raise rates to about 2.5 pct over next couple of years
  • says low inflation, in a way, is 'lucky,' allows economy to continue to grow strongly
  • sees inflation picking up over next couple of years; if not, will rethink rate path

Headlines via Reuters

USD ticking a few points lower still

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Earlier from Williams: