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20 Feb 2014
Fed's Williams optimistic on labor market/inflation
FXStreet (Bali) - Comments from Federal Reserve Bank of San Francisco President John Williams has just crossed the wires in the last few minutes, noting that the labor market slack should dissipate and inflation to rise.
Other comments included: "Forecasts eco growth at about 3% in 2014 and 2015.
Housing is becoming ‘tailwind’ for growth. Policy ‘needs to remain highly accommodative’. Inflation may accelerate faster than forecast. Favors ‘qualitative guidance’ for interest-rate path. Fed will need to modify interest-rate guidance. Recovery ‘shifted to a healthy, stronger path’"
Other comments included: "Forecasts eco growth at about 3% in 2014 and 2015.
Housing is becoming ‘tailwind’ for growth. Policy ‘needs to remain highly accommodative’. Inflation may accelerate faster than forecast. Favors ‘qualitative guidance’ for interest-rate path. Fed will need to modify interest-rate guidance. Recovery ‘shifted to a healthy, stronger path’"