Williams said as well that inflation data remained consistent with inflation, with core measures of inflation stabilized and could even be starting to firm up.
The Fed sent its strongest signals to date that it might raise its rates Dec 15 and 16 during a policy meeting. Williams is a policy maker who is closely watched and who signals often times the consensus of the Fed’s position on its monetary policy.
On Saturday, Williams said that going forward the Fed might find itself lifting the interest rates up off zero at some point in the future, raising the question about if it should prepare other policy tools such as interest rates in the negative.
The Department of Labor in the U.S. reported that hiring rebounded during October after weak reports for August as well as September. Read more…