John Williams - Federal Reserve Bank of San Francisco

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Last quote by John Williams

I haven't changed my views on the appropriate pace of policy.feedback
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May 05 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which John Williams is associated, including U.S. and economy. Most recently, John Williams has been quoted saying: “The risks of us getting to a situation where unemployment is well below a sustainable level for a number of years are growing. An economy that overheats for too long, if we let this go too far, it creates greater risks down the road.” in the article Hot job gains could pose risks, Fed hikes needed -Williams.
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John Williams quotes

In arguing for gradual increases in interest rates over the next few years, I'm not aiming to stall the economic expansion. In fact, it's just the opposite: My aim is to keep it on a sound footing. I fear that if we allow the economy to overshoot this mark by too much, eventually we will need to reverse course to bring the economy back on track.feedback

My view, in terms of the demographic and productivity trends that we've been seeing for the last decade or so is that growth is likely to be 1½ to 1¾ percent. If we can find ways to do lot more investment in our people, in technology, more broadly in infrastructure, I think we can shift that upwards. But right now, my view is that a lot of the fiscal stimulus that people have been talking about would have a relatively modest effect.feedback

We offer a six-course menu in The Ritz Restaurant for Christmas day lunch, as well as a four-course menu for Christmas day dinner, Boxing Day lunch and dinner, which will all be fully booked.feedback

At The Ritz, it's about the quality of the produce that we use and matching this to the right occasion and the expectations of our clients.feedback

We use the finest ingredients and foods in the menus but it's also about the quality of the service.feedback

Christmas at The Ritz is like nowhere else – it really has a special feeling.feedback

We are not making promises to raise interest rates.feedback

It makes sense, I would say, to ease off on the gas a bit. We do want to run a hot economy for a while (but) we dont want it to be too hot for too long.feedback

It's just the opposite: My aim is to keep it on a sound footing so that it can be sustained for a long time.feedback

I think she's just the right person to get the right balance going forward.feedback

I know she fully understands the arguments on both sides.feedback

An easy way to convince markets of something is by doing it.feedback

It is getting harder and harder to justify interest rates being so incredibly low given where the U.S. economy is and where it is going. I would support an interest rate increase. I think that the economy can handle that. I don't think that would stall, slow or derail the economic expansion.feedback

My worry is very much that if you try to, in a way, get greedy and say, Let's see how low this will go,' you set in motion a process that causes the economy to go in reverse. There are risks to pushing things too far.feedback

It's not about trying to stop the economy from growing. We're going to keep this economy growing, we are going to run it hot.feedback

As the economy gets closer to its goals, we can again pull our foot off the gas a bit and hopefully execute a nice, soft landing over the next couple of years.feedback

It makes sense, assuming the data continue to support that, to raise rates again this year.feedback

I am enormously grateful, as all composers are, to film, for giving us the broadest possible audience worldwide that any composer has ever enjoyed. Tomorrow morning when I'm back at work, I'll try to deserve all this.feedback

Over the rest of the year two or maybe three rate increases, maybe one or two more (than that) next year so maybe three or four next year - I think that's still about right.feedback

We're not quite where I'd like us to be, but recent developments have been very encouraging and add to my confidence that we're on course to reach our (inflation) goal.feedback

Others' economic fates do not spell our own. My view is essentially, let's just stay on track. Let's not get sidelined by the noise and distraction commentary can sometimes cause.feedback

I am not going to opine whether we should have one fewer (rate hike) or the same as before. It is really just the tactics, how many rate increases this year versus next year. It's not a fundamentally different view of the economy.feedback

We are not very good as economists or forecasters at assessing risks.feedback

Standard monetary policy strategy says a little less inflation, maybe a little less growth ... argue for just a smidgen slower process of normalizing rates.feedback

I don't need to see anything more than what I see as baseline forecast.feedback

This was the right move because the economic outlook is good.feedback

In terms of those developments ricocheting into the U.S. economy, I think we have really really strong fundamentals, in terms of consumer spending, in terms of our economic trajectory, so right now at least this isn't a big concern for me.feedback

Over the next couple of years, we are going to need significant monetary accommodation, a very gradual pace of rate increases, to keep our economy on this 2, 2.25 percent growth path, given the headwinds we are facing especially from abroad.feedback

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