Fed's Williams (moderate, non-voter): Recent inflation developments 'very encouraging'; US inflation on track to rise 2% over next several years - comments from Singapore
- Maintains view that 2016 GDP growth a bit above 2%
- Rate hikes to be gradual and thoughtful
- Will need at least 6 years to reduce balance sheet back to normal
- China slowdown not a mark of impending hard landing; global crisis distorted and not looming