Fed's Williams outlines his conditions for rate hike

20/02/2014 - 2:38

NEW YORK (Reuters) - A top Federal Reserve official on Wednesday said he would only back an interest rate hike if inflation was closer to 2 percent, unemployment was dropping, and gross domestic product growth was "above trend."

John Williams, president of the San Francisco Fed, said he expects economic headwinds for a few more years, including the still-depressed housing market.

(Reporting by Jonathan Spicer; Editing by Eric Walsh)