Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

U.S. Fed official backs gradual rate hikes to foster sustainable growth

June 27, 2017


Abstract : U.S. Federal Reserve Bank of San Francisco President John Williams said on Monday that the Fed should keep gradually raising interest rates to foster sustainable growth in the United States.

12月14日,在美国首都华盛顿,美联储主席耶伦在新闻发布会上讲话  记者鲍丹丹摄

 

WASHINGTON, June 26 (Xinhua) -- U.S. Federal Reserve Bank of San Francisco President John Williams said on Monday that the Fed should keep gradually raising interest rates to foster sustainable growth in the United States.

"Gradually raising interest rates to bring monetary policy back to normal helps us keep the economy growing at a rate that can be sustained for a longer time," Williams said in a speech published on the bank's official website.

"If we delay too long, the economy will eventually overheat, causing inflation or some other problem. At some point, that would put us in the position of having to quickly reverse course to slow the economy," he argued.

Williams said U.S. economic conditions will warrant further gradual rate hikes in the future, and the central bank is "cognizant of" the global impact of its monetary policies.

"The last thing we want to do is fuel unnecessary or avoidable volatility or disruption - whether we're talking about domestic markets or international markets," he said, adding that's one of the advantages of the gradual approach to monetary policy normalization.

Earlier this month, the Fed raised the benchmark interest rates for the fourth time since December 2015 and unveiled a plan to trim its balance sheet later this year, sending a signal of confidence to the market.

Scan the QR code and push it to your mobile phone

Keyword: Interest-rate Federal-Reserve

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial