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: