• San Francisco Fed President John Williams expects the Fed to start raising its interest rates this year

Market news

7 October 2015

San Francisco Fed President John Williams expects the Fed to start raising its interest rates this year

San Francisco Fed President John Williams said on Tuesday that he expects the Fed to start raising its interest rates this year despite the weak U.S. labour market in September.

"Things are looking up, and if they stay on track, I see this as the year we start the process of monetary policy normalization," he said.

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