John Williams, president of the Federal Reserve Bank of San Francisco, has indicated rates may increase this year if risks begin to subside. Williams has held an optimistic outlook on the economy this year due to steady unemployment declines and solid output growth. However, new risks have materialized in the form of the stock market decline and China’s economic slowdown that will have an impact on the Fed’s decision. The Fed is scheduled to meet Sept. 16 and 17, and there's been broad internal debate in regards to the raising of interest rates. [MW]
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