Fed members want faster rate hikes

Baku. 30 March. REPORT.AZ/ Two members of the US Federal Reserve System (Fed) - Boston Federal Reserve President Eric Rosengren and the head of the Federal Reserve Bank of San Francisco John Williams stated the need to rate hikes with maximum jobs in the economy and approach of the inflation target at 2%.

In a speech Wednesday, Rosengren said he believes four rate hikes this year are appropriate, with the Federal Open Market Committee raising its short-term target rate a quarter point "at every other" meeting this year.

John Williams said Fed raised interest rates this month for only the third time since the financial crisis. The central bank is expected to raise rates two more times this year, but Williams hinted again that three more hikes might be appropriate in 2017.

Fed funds futures indicate the next rate hike to come in July, with only a 51 percent chance of another move by December, according to the CME's tracker.

In his statements to Bloomberg Eric Rosengren said in order to keep growing economy under the control, there can be more than three rate hikes.