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San Francisco Federal Reserve President John Williams told in an interview to CNBC on Monday that there are improvements in the labour market, but inflation is still low due to a stronger U.S. dollar.
Williams noted that the interest rate hike by the Fed will depend on the economic data, and he added that the Fed may raise its interest rate at every monetary policy meeting.
He expects the economy to bounce back in the second quarter.
The San Francisco Federal Reserve president pointed out that equities valuations are high, but he is not worried about financial stability. Williams added that the Fed should monitor developments in financial markets around the world.
Williams is a voting member of the Federal Open Market Committee this year.
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