While the Federal Open Market Committee could still raise rates two or three times this year, it is unlikely the fed funds rate target will be increased in two consecutive meetings, Federal Reserve Bank of San Francisco President John Williams said Monday.
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Additionally, Williams said rates could go up three or four times in 2017, according to published reports.
While not committing to a rate hike at the upcoming June 14-15 meeting, Williams said he expects "active discussion" about an increase.
Regarding the vote for Britain to leave the European Union, set for a few days after the FOMC meeting, Williams said that could play into a June decision. "We can obviously hold off until July if we wanted."
