February 20, 2014 / 1:40 AM / 4 years ago

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.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below