Fed's Williams: It is still appropriate to raise rates this year

Following are the key quotes crossing the wires, via Reuters, from Federal Reserve Bank of San Francisco President John C. Williams’ interview with the Washington Post:

• Expects inflation to pick up in the year two.
• Data has been overall very good.
• See positive signs on inflation.
• Core inflation stabilized at 1.6%.  
• Sees some wage growth improvement.
• Challenge is with productivity growth being so modest.