Fed'south Williams eyes two two thousand sixteen rate hikes: Fox Business Network

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Source:   —  April 07, 2016, at 11:52 PM

"(Uncertainty) about global growth seems to have stepped down a bit, but it's an necessary factor affecting the U. S. economic outlook and monetary policy," Williams said in a piece of the interview aired by the network.

San Francisco Fed President John Williams can support at minimum two interest-rate hikes this year as uncertainty over the global outlook fades, Fox Business Network reported on Thursday, citing an interview conducted earlier in the day.

"(Uncertainty) about global growth seems to have stepped down a bit, but it's an necessary factor affecting the U. S. economic outlook and monetary policy," Williams said in a piece of the interview aired by the network.

Williams also said he sees risks to his outlook for the economy as "beautiful well balanced with some powerful upside potential," Fox Business Network reported. That piece of the tape wasn't aired, though the network said it'd release more of the interview later on Thursday.

The Fed raised its benchmark policy rate in December, the first expand in nearly a decade, but has left it since at between 0.25 % to 0.5 % amid worries that slowing global growth and volatile financial markets could undercut the U. S. recovery.

Fed policymakers debated latest mo whether rates could be raised as soon April, but most felt that persistent global risks argued for caution on raising rates at home.

Most Fed executive presently expect to lift rates twice this year, half the pace they saw back in December. Traders for their portion are betting that the Fed will stop at once.

(Reporting by Ann Saphir; Editing by Diane Craft)

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