Fed's Williams says U.S. economy can handle rate hike

Fed's Williams says U.S. economy can handle rate hike
 

The Federal Reserve can raise interest rates without threatening the U.S. economic recovery, a top Federal Reserve policymaker said on Tuesday, saying the central bank risks doing more harm by continued inaction.
"It is getting harder and harder to justify interest rates being so incredibly low given where the U.S. economy is and where it is going," San Francisco Federal Reserve Bank President John Williams said in an interview at his bank's headquarters.
"I would support an interest rate increase," he said. "I think that the economy can handle that. I don’t think... read more

 
28 September 2016 in Business, Views: 51
Source: Reuters
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