Fed's Williams says 'gradual' is key for 2016 rate hikes

January 15, 2016 4:13 PM

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Fed's Williams says 'gradual' is key for 2016 rate hikes

SAN FRANCISCO The Federal Reserve's interest rate hikes this year will be "gradual" and will hinge the strength of the economic outlook for 2017 and 2018 rather than daily market swings, a top Fed official said on Friday.

Repeating what has become a mantra for U.S. central bankers in the face of mounting economic headwinds and financial market swoons, San Francisco Fed President John Williams said the Fed is not locked into the four rate hikes most officials expected in December, but will raise rates "three or four o...

Also read: Europe must find way to grow even when rates rise: ECB's Coeure

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