Fed's Williams says rate hikes 'make sense,' and sooner than later

San Francisco Federal Reserve Bank President John Williams on Thursday joined a growing chorus of his colleagues signaling support for an interest rate hike in coming months, saying that waiting too long could be costly for the economy. "In the context of a strong domestic economy with good momentum, it makes sense to get back to a pace of gradual rate increases, preferably sooner rather than later," Williams said in remarks prepared for delivery to the Anchorage Economic Development Corporation