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Williams, John on 2017 December 18

Something like three rate increases next year, or two to three more increases in 2019, that seems like a reasonable view of this gradual removal of accommodation in a very benign environment.

Something like three rate increases next year, or two to three more increases in 2019, that seems like a reasonable view of this gradual removal of accommodation in a very benign environment. Low unemployment, relatively low inflation - moving back to 2 percent [or] a little bit maybe above that. But it’s not an environment that I, at least right now, view as having really any big risks of either needing to tighten dramatically faster, or any real arguments not to continue on the path we’re on. Now, that could change. I’m sure you were going to ask - but one of the big question marks is how will the tax policies change -  what that package ends up looking like, and then obviously how that effects the economy in terms of consumer spending, business spending, and over the longer term how it affects the supply side of the economy. From Wall Street Journal interview published on December 5 but conducted before the blackout period. Williams, John

Wall Street Journal Interview

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