Fed's Williams: Growing U.S. wealth-to-income ratio another reason to keep raising rates

San Francisco Fed President John Williams responded to questions from the press following his speech at an economists' club in New York.

Key quotes (via Reuters)

• Fed's current 'floor' policy method works effectively with use of repo, excess reserves rates
• Key risk in trimming bond portfolio is removing economic stimulus too quickly
• I see 2-3 more rate hikes this year; upside risks more prominent
• Recent decline in U.S. C&I loans not worrisome; demand for credit has not slowed
• U.S. tax reform is very complex, another reason not to presume immediate fiscal stimulus
• Much of dollar rise due to strength of U.S. relative to other economies
• Growing U.S. wealth-to-income ratio another reason to keep raising rates