US “A Little Beyond Full Employment” Says San Francisco Fed President

mishtalk.com / Mike “Mish” Shedlock / May 6, 2017 9:18:38

The US is the economy is so good it’s beyond full employment and above potential says John Williams, the San Francisco Fed president. Williams Stands by his outlook for

Williams Stands by his outlook for Three or Four Hikes This Year.

Federal Reserve Bank of San Francisco President John Williams said his outlook for three or four rate increases in 2017 hasn’t shifted, as the labor market shows signs of expanding beyond its sustainable rate and the economy is operating above potential.

“I haven’t changed, again, my views on what appropriate policy is” for the remainder of the year, Williams told reporters on Friday after a speech in New York, referring to his comments last month that three or four hikes would be required.

On Saturday, at an event in California, Williams said the economy “is operating above potential.”

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