News Headline Summary

Fed's Williams says forecasts GDP growth of a bit less than 3.5% in 2014

- Sees 1.5% inflation in 2013, sees inflation staying below 2% for next few years.
- Sees US unemployment rate at or above 7% through the end of 2014.
- Will look at all kinds of information, not just jobless rate, to decide when to raise rates.
- Inflation threshold gives manoeuvring room but will tighten if prices rise too much.

Print 16:52, 14 Jan 2013 - Fed - Source: Newswires