Fed's Williams outlines his conditions for rate hike
NEW YORK Feb 19 (Reuters) - A top Federal Reserve official on Wednesday said he would only back an interest rate hike if inflation was closer to 2 percent, unemployment was dropping, and gross domestic product growth was "above trend."
John Williams, president of the San Francisco Fed, said he expects economic headwinds for a few more years, including the still-depressed housing market.
- Ukraine says Russian tanks flatten town; EU to threaten more sanctions |
- EU wields Russia sanctions threat but timing vague |
- F-16s dispatched for unresponsive pilot of small plane near D.C.
- Polish president warns Germany of Putin's 'empire' ambitions
- Car tied to suspected threat against Obama found in Connecticut