Fed’s Williams: repeats Oct 5th comments; one more rate hike seen in 2017, 3 hikes next year

Fed’s Williams was hitting the wires, repeating his Octt 5th comments for one more rate hike seen in 2017, 3 hikes next year, ‘a little bit more in 2019’ - RTRS

Key Quotes:    

• Long-run inflation expectations don't necessarily signal we’re making a mistake
• Strong economy needed to offset low inflation
• Strongly opposes replacing inflation target with a range
• Setting a range for inflation goal could allow expectations to drift to lower bound of range
• Need QE, forward guidance as future policy options
• Ruling out QE as future policy option could change infl. Expectations significantly