Fed's Williams Less Concerned Any Rate Hike May Have To Be Reversed

San Francisco Fed President John Williams said he is less worried that the U.S. central bank would have to reverse course after it raises interest rates for the first time. In an interview with Reuters released Monday, Williams said the Fed can now focus on the path of rate hikes going forward. The options facing the Fed are moving a little earlier and more gradual versus later and more aggressive, said Williams, a voting member of the Fed policy committee this year. Williams has said that midyear would be a good time to start a debate on a rate increase. The actual timing of the move would depend on the data, he said in the interview.