Interest rate path can be adjusted higher or lower, Fed's Williams says

Speaking on Friday the president of the Federal Reserve bank of San Francisco, John Williams, reportedly said the US economy still needed help from relatively low interest rates and defended the Federal Open Market Committee's decision to hike on 15 December.

While he was cited as saying the path of rate hikes could be adjusted both up and down, he also reportedly said that whether the central bank raised interest rates three, four or five times in 2016 would depend on the economic outlook.