Fed’s Williams: Further rate hikes are not a commitment or a promise

In an exclusive interview with CNBC, New York Fed President Williams said that further rate hikes were neither a promise or a commitment.

Key quotes

• We are ready to reassess and reevaluate our views.
• We are listening carefully to markets.
• Expect a healthy economy in 2019.
• We have about 3pct growth this year, jobless rate is low.
• Moving to more data-dependent mode on policymaking.
• Markets signalling some risks to outlook.

Source: Reuters.