Fed's Williams: June rate hike would require 'good' improvement in labor market, inflation

Comments on the economy from SF Fed President Williams:

• Every meeting, including June, is on the table for a hike
• Will have two more months of economic data before the June decision
• Fed should wait some time after rate hikes to start before letting balance sheet shrink
• If dollar, oil price more or less flat, inflation should move back up

Hawkish stuff from Williams, who is known as a dove (although his dovish reputation was always exaggerated). The Fed wants to hike, now it just needs the data to confirm it.

Williams pointing in the direction rates are headed