The U.S. Federal Reserve should reasonably consider raising interest rates by a half percentage point at its next meeting in May, New York Fed President John Williams said on Thursday, in a further sign even more cautious policymakers at the central bank are on board with a bigger rate hike.
“I think that’s a very reasonable option,” Williams told Bloomberg Television in an interview. “I do think from a monetary policy point of view, it does make sense for us to move expeditiously towards more normal levels of the federal funds rate, and also move forward on our balance sheet reduction plans.”
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