Fed won't raise interest rates for 'some time': Williams

lundi 30 juin 2014

Williams, president and chief executive of the Federal Reserve Bank of San Francisco, takes part in a panel discussion in Beverly Hills The U.S economy will likely have returned to full employment and a healthy level of inflation by the end of 2016, a top Federal Reserve official predicted on Monday, even as he reiterated his view that interest rates will need to stay near zero for some time. "The bottom line is, it has worked," San Francisco Fed President John Williams said of the Fed's extraordinarily stimulative policies since the Great Recession, including its purchases of trillions of dollars of long-term securities and its near-zero interest-rate policy since December 2008. Likening the Fed's super-easy monetary policy to a cast on the broken leg of the economy, Williams told members of the Utah and Montana Bankers Association that it would have been a mistake to end the stimulative policies before now. Doing so would only have hurt the economy and forced the Fed to take even more aggressive action later on, he said.








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