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Fed Member Details

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John Williams

President, Federal Reserve Bank of San Francisco

Policy Stance Neutral
Voting Member Yes
Date Assumed Current Office 01/01/2011
Rate Outlook
With the jobs market improving, the Fed can now focus on charting an appropriate rate path and worry less about sliding back to zero, Williams recently said. "As we go through time, that probability of saying 'well, the shocks are going to push us back,' seems to be less, seems to be decreasing," said Williams. Rate increases are likely to come at a very gradual pace, Williams has hinted. "We are really thinking about a path, we are talking about moving interest rates from zero to a normal level over several years," Williams said in April. "So even if the economy got some bad shocks, really you are probably just talking about flattening that path out a bit, or maybe raising rates more slowly."
Biography
Williams, a native of Sacramento, California, born in 1962, earned a Master’s of Science with distinction in economics from the London School of Economics in 1989, and completed a Ph.D. in Economics at Stanford University. He began his career in 1994 as an economist at the Board of Governors of the Federal Reserve System. He joined the Federal Reserve Bank of San Francisco in 2002. He has served as senior economist at the White House Council of Economic Advisers.