Fed official suggests US could raise rates in June

With the US economy likely to reach full employment before the year’s end and inflation on track to rise to the Federal Reserve’s target, the US central bank could raise interest rates in its June meeting, a top Fed official said yesterday.

“I recognise that not everyone shares my rosy view, or even thinks that 2015 is a good year to take action”, San Francisco Fed president John Williams, a voting member this year on Fed policy, told a New York audience.

Williams stopped short of calling for a rate hike in June, saying the Fed will need to discuss the nearly two months’ worth of data since its last meeting in April.