It is reasonable to expect the Federal Reserve to raise interest rates two or three times this year, San Francisco Fed President John Williams said on CNBC on Thursday, adding he fully supported the leadership of Fed Chair Janet Yellen.
In March, he said, Fed policymakers "said two or three rate hikes this year. I think that's a reasonable view."
Asked about Republican presidential candidate Donald Trump's comment earlier on Thursday that he would likely replace Yellen when her term expires in 2018, Williams said he is "100 percent in full support" of her leadership.
(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)
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Published Date: May 06, 2016 12:30 am | Updated Date: May 06, 2016 12:30 am