Fed’s Williams sees U.S. inflation at or above goal for years

MADRID (Reuters) – San Francisco Federal Reserve Bank President John Williams on Tuesday said he expects U.S. inflation to rise to the U.S. central bank’s 2-percent goal this year and stay at or above that goal for “another couple of years.”

To keep the economy from overheating, he said at Banco de España in Madrid, the Fed needs to keep raising interest rates. The Fed’s target rate is currently for a range of 1.5 percent to 1.75, and most Fed policymakers expect the rate to be between 3.1 percent and 3.6 percent by 2020.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.