Fed's Williams optimistic on U.S. economic growth

Wed Mar 5, 2014 9:50pm EST

(Reuters) - A top U.S. Federal Reserve official expressed optimism on Wednesday that the U.S. economy will continue to grow at 2.5 percent or more, boosting jobs and pushing down unemployment.

"My basic view is that economy is continuing to grow above trend," San Francisco Federal Reserve Bank President John Williams said during a question-and-answer session following a speech to students at the University of Seattle.

He predicted unemployment, now at 6.6 percent, will fall over the next few years to more "normal" levels, which he defined as between 5 percent and 6 percent.

(Reporting by Ann Saphir; Editing by Lisa Shumaker)

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.