Tags: federal reserve | economy | john williams | growth

Fed's Williams: Growth Set to Increase Later This Year

Friday, 23 Aug 2013 11:28 AM

A senior Federal Reserve official said on Friday that he expects U.S. economic growth to pick up significantly later this year and in 2014 as the drag from fiscal policy fades.

"I still expect there to be a significant step up later in the year and in 2014, especially as the fiscal restraint on growth steps back," San Francisco Federal Reserve Bank President John Williams told CNBC.

Williams also said the low level of inflation was a concern but that he was comforted that inflation appears to be moving a bit higher, which supported the view that there were temporary factors holding it down earlier this year.

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A senior Federal Reserve official said that he expects U.S. economic growth to pick up significantly later this year and in 2014 as the drag from fiscal policy fades.
federal reserve,economy,john williams,growth
107
2013-28-23
Friday, 23 Aug 2013 11:28 AM
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