Fed's Williams: Makes sense to hike rates gradually, sooner than later

Fed San Francisco President John Williams was on the wires last minutes, saying that makes sense to raise rates gradually, "sooner than later".

Key headlines (via Reuters):

• U.S. economy in good shape
• 'Essentially at' full employment, 'pretty darn close' to inflation goal
• Williams warns that overshooting too much on employment could lead to recession