Fed’s Williams: Economy can handle start of rate hike process

By FXStreet FXStreet (Bali) – Fed’s Williams, crossed the wires in the last few minutes, noting that the US economy can handle the start of a rate hike process.

Via Reuters

US economic data lately has been at or above expectations

The important thing is that we get this first rate hike done; exact timing not a concern

Haven’t seen anything in last month or two that suggests China growth is worse than thought

Rise in house prices doesn’t mean should raise rates faster, but shows risks of liftoff delay

Once rate hikes begin, want to avoid any lockstep or discernible pattern of hikes

October Fed meeting is a ‘live’ meeting; a little bit more data could convince me to act

Absolutely confident that Fed has tools to raise rates when it decides to do so

US needs to get its fiscal house in order in the long run

Monetary policy needs to be driven by outlook

Federal Reserve policy should be guided by the data

We have to be willing to raise rates and then reassess policy

The economy can handle the start of the process of a rate increase

We have to be willing to raise rates and then reassess policy

October is a ‘live’ meeting, more data could convince me to hike
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Source:: FX Street