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Fed policymaker sees further rate rises

From BBC - November 9, 2017

US interest rates are likely to rise again next month and a further three times next year, one of the Federal Reserve's rate-setters has said.

John Williams, who sits on the Fed's Open Markets Committee, said a rate rise in December "makes sense, at least based on the information I have today".

He also said he was "pencilling in" three further increases next year, as interest rates returned gradually to "a normal level" of about 2.5%.

The key rate target is now 1% to 1.25%.

That's the highest level since 2008, when policymakers cut rates to encourage borrowing and spending after the financial crisis.

The Fed raised interest rates for the first time since the crisis in December 2015.

Policymakers acted in December 2016 and again in March and June this year.

Stimulus problems

Mr Williams said that central bankers globally faced new problems.

'More continuity'

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