San Francisco Federal Reserve Bank President John Williams CNBC interview on monetary policy.
San Francisco Fed President John Williams confirmed what the last FOMC statement implied, that a rate hike is now on the table at every single FOMC meeting. Williams, an FOMC voter this year, described the labor market as steady and expects to see "good" economic momentum building to year end. Williams sees the unemployment rate, currently at 5.4 percent, moving to 5 percent or lower by year end in what he said would fulfill the Fed's employment mandate.
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