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Fed’s Williams Sees Rate Rise This Year as Growth to Recover
Federal Reserve Bank of San Francisco President John Williams said the U.S. will likely raise interest rates later this year as the world’s biggest economy recovers from a weak first quarter. The Fed will probably increase rates gradually and move them to normal levels over the next few years, he said in answer to questions after speaking at a regulatory symposium in Singapore Thursday. An increase is on the table at every meeting, including June’s, he said. “I expect they will be raising rates later this year,” Williams told reporters. “The U.S. economy’s doing well, we’re moving back towards our ... (full story)