John Williams says the Fed's rate hike guidance isn't a commitment'

Williams endorsed the rate-hike projections, saying "something like two rate increases" next year "would make sense in the context of a really strong economy moving forward"

US central bankers are feeling a little misunderstood..

Following days of steep stock market losses, the president of the Federal Reserve Bank of New York sought to reassure investors that officials will listen to market signals in setting interest rates, emphasizing that their outlook for further gradual hikes is not set in stone.

 “This is not a commitment, or a promise, or in any way a sense that we know for sure that’s what we are going to do,” John Williams said Friday during a TV interview on CNBC. “We are actually saying pretty clearly this is how we see it now