Fed's Williams: Favors gradual Fed rate rises starting 'a bit earlier'

Comments from San Francisco Fed President Williams:

• Expects growth to rebound following disappointing Q1
• Williams says he expects above-trend growth for the rest of 2015
• Williams says Fed doesn't base policy on 'noisy data'
• Expects growth to rebound following disappointing Q1
• Expects wage growth to pick up as economy rebounds
• Stronger economy to gradually push inflation up to 2%
• Fed policy is data dependent, every meeting on table

Williams is slowly working his way over to the more-hawkish side of the Fed ledger.