Bloomberg Television’s economics editor Michael McKee spoke with San Francisco Federal Reserve President John Williams in Jackson Hole, WY today, who said that very accommodative policy is what’s needed now. Williams said, “…it’s clear unemployment is too high and inflation is still too low and it calls for a very strong accommodative policy, and I […] View the full post at: Fed’s Williams Expects Rate Rise to Occur Mid-2015 Related posts: John Williams Sees Unemployment at 22% Economic Troughs, Changes in the Unemployment Rate, and Fed Policy Unemployment Rate Hits 8.5%, the Highest Level in Nearly 26 Yrs.