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Fed's Williams says decision not to raise rates was a 'close call'

San Francisco Federal Reserve President John Williams speaks during an interview in New York.
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San Francisco Federal Reserve President John Williams speaks during an interview in New York.

The Federal Reserve's decision to hold interest rates steady last week rather than raise them was a close call, San Francisco Fed President John Williams said on Sunday.

Williams said the U.S. job market was nearly at full strength but increased concern over the global economy and financial system led policymakers on Thursday to hold off on interest rate hikes.

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"In my mind it was a close call," he told Fox Sunday Morning Futures.