August 4, 2017 / 1:12 PM / 6 months ago

Fed's Williams sees Fed 'half way' on rate-hike path - CNN

Aug 16 (Reuters) - The U.S. central bank is roughly at the mid-point on its current path to normalize interest rates as the economy has shown further improvement even without fiscal stimulus, San Francisco Federal Reserve President John Williams told CNN television.

“We’re about half way there,” Williams said, in an interview with the news network recorded on Tuesday and aired Wednesday, when asked how far along the Fed was on its rate-hike path. (Reporting by Richard Leong and Dan Burns; Editing by James Dalgleish)

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