Fed's Williams considers gradual rate lifts to be decisive for further US surge

Fed's Williams considers gradual rate lifts to be decisive for further US surge

With the American economy at full employment as well as inflation set to meet the Fed’s 2% objective next year, the Fed is bound to keep lifting rates gradually for the purpose of keeping the US economy on an even keel, as San Francisco Fed President John Williams told on Monday.

The Fed official stressed that if the Fed delays too long, the American economy will probably overheat, provoking inflation or other issues. He added that gradually lifting rates just to bring monetary policy back to normal will help the Fed to keep the US economy soaring at a rate, which could be sustained for a longer period.

Earlier this month the major US bank lifted interest rates a second time in 2017, and indicated it actually plans to increase them once more this year and also up to three times next year. However, with inflation recently dipping and economic surge stuck at 2%, market participants have been arguing whether the key US bank will end up going more slowly or not.

Similar

News to trade on December 11

Today the British PM Theresa May plans to discuss the current conditions of the Brexit deal with the European leaders. Is it happening again? What else will move the world of Forex today? Read the news!

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera