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Fed’s Williams Tells CNBC Not to Expect Warning of Coming Rate Hikes
Federal Reserve Bank of San Francisco President John Williams told a television channel Monday that the U.S. central bank is unlikely to provide much warning ahead of an increase in short-term interest rates. Instead, the official told CNBC that officials will need to go into every policy meetings with an open mind. “We should be coming together every six weeks, discussing what the outlook looks like, and what the right appropriate policy decisions at that meeting are, and adjusting policy” accordingly, Mr. Williams said. The Fed needs “to get out of this business of telegraphing our decisions in advance” and ... (full story)
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