Fed's Williams says central bank should not be 'too timid' about raising interest rates

The Federal Reserve shouldn't be "too timid" or "delay too long" to raise interest rates, said San Francisco Fed President John Williams on Friday. In an interview on Bloomberg TV, Williams challenged the Wall Street view that a rate hike in March is now off the table given the January jobs report. "I don't agree. All our meetings are live," he said. He also disagreed the Fed needed to wait to see details of Trump's fiscal policy legislation before raising rates. "This economy is proving it can grow at a steady rate without as much monetary stimulus as we've been giving," he said. "We......(read more)

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