"Right now it's January. What we will do in June, September or whatever, later in the year, will really depend on what's happening in the economy, what's happening globally, in terms of our goals," San Francisco Fed President John Williams said at a Bay Area Council Economic Institute event. "I do not prejudge what that decision will be until we actually have those debates and discussions."

(Reporting by Ann Saphir; Editing by James Dalgleish)