Fed's Williams says wants stronger inflation data before hiking rates

A top Federal Reserve policymaker signaled Friday that despite a "nearly healed" U.S. labor market, he will not support raising U.S. interest rates until he sees stronger signs of inflation. "Until I have more confidence that inflation will be moving back to 2 percent, I’ll continue to be in wait-and-see mode regarding raising interest rates," San Francisco Federal Reserve President John Williams said in remarks prepared for delivery to the NBER East Asia Seminar on Economics. Fed officials have for some time predicted that inflation, which for years has lingered below the Fed's 2-percent target, will rise as unemployment falls and the labor market tightens.

Fed's Williams says wants stronger inflation data before hiking rates source: http://finance.yahoo.com/news/feds-williams-says-wants-stronger-154621066.html