SF Fed's Williams answers reporters questions

  • Pretty confident were on the right track for inflation.
  • Says 4rate hikes and 2016 not baked in the cake
  • Support 2nd rate hike hike, if his baseline forecast met
  • December jobs report shows good momentum in economy.
  • Could be more less than 4 rate hikes and 2016
  • Has an altar fundamental outlook due to China events
  • December minutes reflect the diversity of views on FOMC
  • Would also need to see unemployment continued to edge down to support for rate hikes
  • Sees real estate prices flashing yellow warning light but no clear signs of bubble