Fed’s Williams expects inflation to reach target by the end of 2017

FXStreet (Córdoba) - San Francisco Fed President John Williams said on Friday he expects inflation to reach, or at least be close to, mandate by the end of 2017.

Williams also said that US economy still needs accommodative Fed policy and considers that the bank’s baseline projection of four rate hikes in 2016 is more like a "gentle ascension" rather than rocket "shooting straight up".