Thomson ReutersMarch 6, 2014 03:33
By Ann Saphir
SEATTLE (Reuters) - The Federal Reserve will probably need to start raising short-term U.S. interest rates in the middle of next year as economic growth picks up and the jobless rate falls, a top Fed official said on Wednesday.
"My own view, based on my own forecast, is that it would be sometime around the middle of next year. It could be later or earlier, depending on how the economy does," San Francisco Fed President John Williams told reporters after a speech to students at the University of Seattle.