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Williams, John on 2017 October 18

My own view is we want to continue this gradual pace of increase. One more rate increase in December and three more next year is a pretty good starting point.

My own view is we want to continue this gradual pace of increase. One more rate increase in December and three more next year is a pretty good starting point. I am still data dependent, but that is my baseline view. My view is that the normal fed funds rate in the future is 2.5 percent, which is pretty low. That’s not a lot of rate increases to get to that normal level, but I do think we want to be moving gradually toward that over the next two years. Williams, John

New York Times

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