New York Fed's John Williams favors 25 basis point hike to start

http://img.youtube.com/vi/6hURcMid004/0.jpg

https://www.youtube.com/watch?v=6hURcMid004

CNBC's Steve Liesman reports that John Williams of the New York Fed doesn't see a compelling reason to increase interest rates 50 basis points when rate hikes begin and says he would prefer a more gradual approach.

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