Fed’s Williams Sees Case for 3 Rate Hikes Even with No Fiscal Stimulus

San Francisco Federal Reserve Bank President John Williams on Tuesday said he sees a “good case” for three rate hikes this year even without any fiscal stimulus, but if the economy accelerates, the Fed would need to raise rates faster. Williams told reporters after a speech at Sacramento State University that he penciled in some fiscal stimulus to his forecast, and expects growth to be slightly faster in the second half of this year and next year as a result.