New York Fed President John Williams reiterated in a speech Tuesday that a bright economic outlook calls for more central bank interest-rate increases.
“The Federal Reserve has attained its dual mandate objectives of maximum employment and price stability about as well as it ever has,” Williams said in the text of a speech prepared for a gathering of international bankers in Bali, Indonesia. “The U.S. economy is doing very well.”
In such an environment, “I continue to expect that further gradual increases in interest rates will best foster a sustained economic expansion and achievement of our dual mandate goals,” Williams said.
Williams’ remarks closely followed other recent speeches of his that expressed optimism for the economy and an appetite for more rate increases. Notably, Williams’ remarks have refrained from offering specifics about the amount and timing of future increases.
An expanded version of this report appears on WSJ.com.
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