Comments from Williams on the economic outlook
- Expect jobless rate to fall to 3.5% by next year
- Above-trend growth doesn’t necessarily pose a risk at this time
- Says 3-4 rate hikes this year is the “right direction”
- Says need to keep raising rates to avoid overheating
- Confident can raise rates for next two years without hurting growth or employment
Williams upbeat, especially that comment about inflation.