Investing.com – San Francisco Fed president John Williams indicated on Monday that the central bank could still increase interest rates in April and June if economic data provides a backdrop for such a policy move.
Williams insisted that despite the changes in Fed member forecasts, as shown by the dot plot chart released at the last meeting, that the basic contour and path of rate hikes had not changed as he noted that the U.S. has proved remarkably resilient to global factors.
The SF Fed president added that, were it not for global risks to the economic outlook, rate hikes would be sooner and faster, according to unscheduled remarks in an interview with MNI.