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The Fed: Fed’s Williams says there will be ‘serious consideration’ of interest rate hike at March meeting

Bloomberg
San Francisco Fed President John Williams

An interest-rate hike “is on the table for serious consideration” at the Federal Reserve’s upcoming policy meeting in mid-March, said San Francisco Fed President John Williams on Tuesday.

In a speech to the Santa Cruz Chamber of Commerce, Williams said he was confident the economy would continue to grow at a healthy pace even as the central bank raises rates.

“The aim is to keep the economic expansion on sound footing — not too hot, not too cold — that can be sustained for as long as possible,” Williams said.

Like a tennis player, the Fed is now in the middle of the court and “can handle shots that come from either direction,” he said.

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