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Fed's official says U.S. economy can handle rate hike

28 September 2016 14:58 (UTC +04:00)

Baku – APA-Economics. The Federal Reserve can raise interest rates without threatening the U.S. economic recovery, a top Federal Reserve policymaker said on Tuesday, saying the central bank risks doing more harm by continued inaction, Reuters reported.

"It is getting harder and harder to justify interest rates being so incredibly low given where the U.S. economy is and where it is going," San Francisco Federal Reserve Bank President John Williams said in an interview at his bank's headquarters.

"I would support an interest rate increase," he said. "I think that the economy can handle that. I don’t think that would stall, slow or derail the economic expansion."