SF Fed's Williams Says He Wants Convincing Sign That Inflation Will Move Higher

By Steve GoldsteinMarketWatch Pulse

San Francisco Fed President John Williams on Wednesday repeated that his view that the decision to lift interest rates is "data dependent" as he said he hasn't seen a convincing sign underlying inflation has bottomed out. "Until I have more confidence that inflation will be moving back to 2%, I'll continue to be in wait-and-see mode," Williams told a Los Angeles gathering of bank economists. "Every FOMC meeting is on the table."

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