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Fed's Williams sees Fed 'half way' on rate-hike path: CNN

"We're about half way there," Williams said in an interview with the news network recorded on Tuesday and aired Wednesday, when asked how far along the Fed was on its rate-hike path. The Fed has raised key overnight borrowing costs four times since December 2015, while unemployment touched a 16-year low in July at 4.3 percent and Wall Street recently posted all-time highs on upbeat company earnings. Earlier Wednesday prior to the airing of Williams' interview, the Fed released minutes of its July 25-26 policy meeting where policy-makers appeared more wary about the downturn in inflation since the start of the year.


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