Fed’s Williams: Wants an economy that is 'hot' to create more inflation

More comments flowing in from Fed’s Williams, as he continues to speak during an event at USFCA.

Key Headlines via Bloomberg:

Does not want an economy that is too hot or too cold

Low inflation is big concern, wants an economy that is 'hot' to create more inflation

If economy stays hot for too long, will get imbalances

One of the reasons it has made sense not to raise rates is because of weakness abroad