• Latest
  • Trending
Williams paints benign picture of Fed rate hikes, strong US economy

Williams paints benign picture of Fed rate hikes, strong US economy

January 7, 2018
4 dead, 52 arrested after Donald Trump supporters storm US Capitol

4 dead, 52 arrested after Donald Trump supporters storm US Capitol

January 7, 2021

China criticizes US order against dealing with Chinese apps

January 6, 2021

US has dual policy on Afghan peace process: MPs

January 5, 2021
‘Good riddance,’ says China snub Germany leaving UN Security Council

‘Good riddance,’ says China snub Germany leaving UN Security Council

December 25, 2020
Sharon Osbourne reveals she tested positive for COVID-19

Sharon Osbourne reveals she tested positive for COVID-19

December 15, 2020
Apple Adding Privacy Fact Labels to App Store Items

Apple Adding Privacy Fact Labels to App Store Items

December 15, 2020
More Republicans finally accept Biden win after U.S. Electoral College certifies vote

More Republicans finally accept Biden win after U.S. Electoral College certifies vote

December 15, 2020
Rhode Island casts 4 Electoral College votes for Biden

Rhode Island casts 4 Electoral College votes for Biden

December 15, 2020
Rhode Island School To Stagger Return After Holiday Break

Rhode Island School To Stagger Return After Holiday Break

December 15, 2020
Twitter, Facebook face labeling test on Trump’s election posts

Twitter, Facebook face labeling test on Trump’s election posts

November 4, 2020
Democratic hopes to flip US Senate dim as red wall holds for now

Democratic hopes to flip US Senate dim as red wall holds for now

November 4, 2020
US election: What happens next?

US election: What happens next?

November 4, 2020
Sunday, January 24, 2021
No Result
View All Result
  • Region
    • Delaware
    • Maine
    • Massachusetts
    • New Hampshire
    • New Jersey
    • New York
    • Pennsylvania
    • Rhode Island
    • Vermont
  • U.S. News
  • National Security
    • Defense
    • Politics
    • Terrorism
  • World News
    • Africa
    • Asia
      • Australia & New Zealand
      • China
      • India
      • Japan
      • North & South Korea
    • Canada
    • Europe
      • Germany
      • Russian Federation
    • Latin America
      • Mexico
    • Middle East
    • United Kingdom
  • Economy
    • Business
    • Science
  • Sports
    • Auto Racing
    • Cycling
    • Golf
    • MLB
      • Boston Red Sox
      • New York Mets
    • NBA
      • Boston Celtics
      • Brooklyn Nets
    • NFL
      • New England Patriots
      • Philadelphia Eagles
      • New York Giants
      • New York Jets
    • NHL
      • Boston Bruins
      • Buffalo Sabres
      • New Jersey Devils
      • New York Islanders
      • New York Rangers
      • Philadelphia Flyers
      • Pittsburgh Penguins
    • Soccer
    • Tennis
    • Water Sports
  • Culture
    • Art
    • Books & Literature
    • Fashion
    • Health
    • History
    • Lifestyle & Family
    • Music
    • Religion
    • Television & Movies
    • Theatre
    • Travel
      • Great Outdoors
      • Rhode Island Travel
    • Women
  • Environment
    • Climate Change
    • Green News
    • Greenpeace
    • Oceans & Marinelife
    • Wildlife
  • Region
    • Delaware
    • Maine
    • Massachusetts
    • New Hampshire
    • New Jersey
    • New York
    • Pennsylvania
    • Rhode Island
    • Vermont
  • U.S. News
  • National Security
    • Defense
    • Politics
    • Terrorism
  • World News
    • Africa
    • Asia
      • Australia & New Zealand
      • China
      • India
      • Japan
      • North & South Korea
    • Canada
    • Europe
      • Germany
      • Russian Federation
    • Latin America
      • Mexico
    • Middle East
    • United Kingdom
  • Economy
    • Business
    • Science
  • Sports
    • Auto Racing
    • Cycling
    • Golf
    • MLB
      • Boston Red Sox
      • New York Mets
    • NBA
      • Boston Celtics
      • Brooklyn Nets
    • NFL
      • New England Patriots
      • Philadelphia Eagles
      • New York Giants
      • New York Jets
    • NHL
      • Boston Bruins
      • Buffalo Sabres
      • New Jersey Devils
      • New York Islanders
      • New York Rangers
      • Philadelphia Flyers
      • Pittsburgh Penguins
    • Soccer
    • Tennis
    • Water Sports
  • Culture
    • Art
    • Books & Literature
    • Fashion
    • Health
    • History
    • Lifestyle & Family
    • Music
    • Religion
    • Television & Movies
    • Theatre
    • Travel
      • Great Outdoors
      • Rhode Island Travel
    • Women
  • Environment
    • Climate Change
    • Green News
    • Greenpeace
    • Oceans & Marinelife
    • Wildlife
No Result
View All Result
No Result
View All Result

Williams paints benign picture of Fed rate hikes, strong US economy

January 7, 2018
in Business, Economy
0
Home Economy Business
Post Views: 219

 

The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key U.S. rate-setter said on Saturday.

In an interview, San Francisco Fed President John Williams painted a benign picture of the world’s largest economy operating at or near its full capacity over the next few years.

While his colleagues at the U.S. central bank see unemployment dipping only slightly from 4.1 percent currently, Williams predicted it would fall to 3.7 percent this year without any risk of a worrisome jump in inflation.

RelatedPosts

China criticizes US order against dealing with Chinese apps

US has dual policy on Afghan peace process: MPs

US carbon dioxide supply is a bottleneck for Covid-19 vaccine distribution

Full Statement of US Secretary Pompeo at IAN opening ceremony

States Are in Desperate Search for Help Battling Record Wildfires

The comments from Williams, a veteran policymaker at a time of an unprecedented leadership overhaul at the Fed, suggest the central bank remains confident in its approach after a year of gradual tightening even in the face of the $1.5-trillion tax-cut bill passed last month.

“We’re in a pretty good situation: the economy is doing great, everyone expects us to raise rates gradually … and if the data change we can respond to that,” said Williams, who has a vote on policy this year under a rotation.

“I’m not worried about inflation suddenly taking off,” he told Reuters over lunch during an American Economic Association conference in Philadelphia. “Something like three rate hikes makes sense to me” this year, he added.

The U.S. central bank hiked rates three times in 2017 in response to robust growth and falling unemployment, despite sagging inflation which has fallen short of a 2 percent goal for more than five years.

Median forecasts from Fed officials see three more hikes in 2018 as the tax stimulus, including cuts for corporations and individuals, seeps into the economy.

The Trump administration argues the tax cuts will boost both business and consumer spending. But the individual income tax cuts are skewed toward higher-income households, which economists say have a low propensity to consume more as taxes fall.

Many economists also believe companies will use much of the windfall on stock buybacks and debt reduction rather than capital expenditure.

Williams said the cuts should have a “modest, positive effect” on economic growth over the next three years due to consumer spending and business investment. He expects gross domestic product growth of 2.5 percent in 2018, in line with overall Fed estimates, as well as a modest boost to the labor force and productivity, which has been surprisingly weak through the recovery from recession.

The U.S. economy will be “in a very positive place two years from now: I think we’ll be at 2 percent inflation and around 4 percent unemployment,” Williams said.

Source :
CNBC
Tags: EconomyPicturerate hikesstrongUSWilliams
ShareTweetShare

Related Posts

Business

China criticizes US order against dealing with Chinese apps

January 6, 2021
‘Good riddance,’ says China snub Germany leaving UN Security Council
Asia

‘Good riddance,’ says China snub Germany leaving UN Security Council

December 25, 2020
Apple Adding Privacy Fact Labels to App Store Items
Business

Apple Adding Privacy Fact Labels to App Store Items

December 15, 2020
Best Accounting Software and Invoice Generators of 2020
Business

Best Accounting Software and Invoice Generators of 2020

October 27, 2020
The Ultimate List of Small Business Software & Tools
Business

The Ultimate List of Small Business Software & Tools

October 26, 2020
Next Post
Trump says he’d be open to talking with North Korean leader

Trump says he’d be open to talking with North Korean leader

Translate

Popular Post

4 dead, 52 arrested after Donald Trump supporters storm US Capitol
Featured

4 dead, 52 arrested after Donald Trump supporters storm US Capitol

January 7, 2021
0

The chaotic and violent scene unfolded at the US Capitol as supporters of President Donald Trump swarmed the building to...

Read more
Mattis to Reassure Nervous Asian Allies

Mattis to Reassure Nervous Asian Allies

October 13, 2017
Asian Company Invest In America As Trump Takes Office

Asian Company Invest In America As Trump Takes Office

October 13, 2017
Trump lost: 9th Circuit Court declines restoring travel ban

Trump lost: 9th Circuit Court declines restoring travel ban

October 13, 2017
Central Intelligence: Gina Haspel new Deputy chief

Central Intelligence: Gina Haspel new Deputy chief

October 13, 2017
  • About Us
  • Creative Commons
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
  • Contact Us

Topics

Follow Us

About Us

Varnum Continental is part of Varnum Continental Media Group LLC, which daily news around the globe.

© 2011 Varnum Continental

No Result
View All Result
  • Region
    • Delaware
    • Maine
    • Massachusetts
    • New Hampshire
    • New Jersey
    • New York
    • Pennsylvania
    • Rhode Island
    • Vermont
  • U.S. News
  • National Security
    • Defense
    • Politics
    • Terrorism
  • World News
    • Africa
    • Asia
      • Australia & New Zealand
      • China
      • India
      • Japan
      • North & South Korea
    • Canada
    • Europe
      • Germany
      • Russian Federation
    • Latin America
      • Mexico
    • Middle East
    • United Kingdom
  • Economy
    • Business
    • Science
  • Sports
    • Auto Racing
    • Cycling
    • Golf
    • MLB
      • Boston Red Sox
      • New York Mets
    • NBA
      • Boston Celtics
      • Brooklyn Nets
    • NFL
      • New England Patriots
      • Philadelphia Eagles
      • New York Giants
      • New York Jets
    • NHL
      • Boston Bruins
      • Buffalo Sabres
      • New Jersey Devils
      • New York Islanders
      • New York Rangers
      • Philadelphia Flyers
      • Pittsburgh Penguins
    • Soccer
    • Tennis
    • Water Sports
  • Culture
    • Art
    • Books & Literature
    • Fashion
    • Health
    • History
    • Lifestyle & Family
    • Music
    • Religion
    • Television & Movies
    • Theatre
    • Travel
      • Great Outdoors
      • Rhode Island Travel
    • Women
  • Environment
    • Climate Change
    • Green News
    • Greenpeace
    • Oceans & Marinelife
    • Wildlife

© 2011 Varnum Continental