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MNI: SF FED'S WILLIAMS: RATES REMAIN LOW, EXPECTS....>

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MNI: SF FED'S WILLIAMS: RATES REMAIN LOW, EXPECTS MORE HIKES
WILLIAMS: APPROP TO START CUTTING BACK REINVEST 'THIS FALL'
WILLIAMS: SEES GROWTH POTENTIAL AT 1.5% FOR FORESEEABLE FUTURE
WILLIAMS: NEED TO GRADUALLY REDUCE MONETARY STIMULUS
WILLIAMS: MON POL NEAR LIMIT OF WHAT CAN DO TO GENERATE GROWTH
WILLIAMS: EXPECTS UNEMPL TO EDGE DOWN, REMAIN ABOVE 4% NEXT YR
WILLIAMS: STILL HAVE WAYS TO GO IN TERMS OF INFL MANDATE

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