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    September 28, 2018 4:07 PM AEST

    WASHINGTON Cheap Nike Air Max 97 OG Undefeated White UK , Nov. 29 (Xinhua) -- Federal Reserve Bank of San Francisco President John Williams said on Wednesday that he expected the central bank would continue to raise interest rates slowly in 2018.


    "As long as the data continue to show steady growth and we see the uptick in inflation that we' re expecting, my own view is that we should continue to raise interest rates slowly over the coming year," said Williams in remarks at the 54th Annual Economic Forecast Luncheon in Phoenix, Arizona.


    According to local media report, he told reporters that he expected four rate hikes from now through the end of next year, which is in line with the quarterly economic forecast released by the Fed in September. The forecast showed that Fed officials expected one rate hike in December and three more in next year.


    He warned that keeping interest rates low could undermine the sustainability of economic expansion and create conditions that could lead to a recession.


    According to his forecast Cheap Men's Nike Air Max 97 Ultra Black White UK , the U.S. economy is expected to grow 2.5 percent this year, and then slow down toward its trend pace over the next few years.


    He expected the job market will continue strong growth momentum, with the unemployment rate to fall to 3.75 percent in 2018. Currently, the U.S. unemployment rate stood at 4.1 percent, already 17-year low.


    In regard to recent low inflation, Williams said that the recent price drops in pharmaceuticals Cheap Men's Nike Air Max 97 Ultra Triple Black UK , airline tickets, cell phones and education have hold down the inflation. He expected the inflation will rise in 2018 with the continued economic expansion.




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    by Xinhua Writer Qiao Jihong


    HAMBURG, Germany, July 8 (Xinhua) -- The two-day Group of 20(G20) summit in Hamburg ended on Saturday with no consensus on theclimate change.


    German Chancellor Angela Merkel described the U.S. withdrawalfrom the Paris Agreement as "regrettable", as she closed the summitand presented the G20 declaration.


    But she said all the other 19 members of G20 agreed that theParis climate accord was irreversible and remained committed toit.


    On the other most focused issue of free trade, although the G20leaders reached an agreement on free trade Cheap Men's Nike Air Max 97 OG GS All Black UK , it seemed there werestrong differences among members, as Merkel said in her remarks"the talks were very difficult."


    "You can notice that controversies within the G20 aresubstantial about trade and climate change, even aboutmultilateralism itself," Dr. Dirk Messner, Director of GermanDevelopment Institute told Xinhua during the Summit.


    The co-chairman of Think 20, a think tank for G20 Cheap Men's Nike Air Max 97 All White UK , said thatinternational community has changed dramatically in the last threeyears, which posed new challenges to G20 leaders.


    He said 2015 was a very important year for multilateralism. Inthis year, the Paris Agreement was achieved and the 2030 Agenda wassigned by all the nations around the world. But 2016 was "a shock"as U.S. President Donald Trump made the year "very difficult formultilateralism".


    The year of 2017 is again different as Britain started procedureof exiting from the European Union and Trump announced getting outfrom the Paris climate change agreement, he noted. Fortunately, theFrench election went well, serving as a great relief for theworld.


    Compared to the Hangzhou Summit in China last year Cheap Nike Air Max 97 Summit White UK , he added,G20 leaders are dealing with a more complex world this year inHamburg.


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