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Fed Vice Chair Suggests Possibility of Adjusting Interest Rates at Each Policy Meeting
Summary: In breaking news, according to reports from FXStreet, New York Fed President Williams indicated that the upcoming Fed policy meeting will be live, hinting at a possible interest rate adjustment, but did not explicitly state which course of action he would support. Williams stated in an interview today: 'From my perspective, I absolutely believe that ...
In breaking news, according to reports from FXStreet, New York Fed President Williams indicated that the upcoming Fed policy meeting will be live, hinting at a possible interest rate adjustment, but did not explicitly state which course of action he would support. Williams stated in an interview today: 'From my perspective, I absolutely believe that each meeting is live. We are making risks more balanced.' After Fed Chair Powell stated last Friday that downside risks to employment are rising and changes in risk balance may require us to adjust our policy stance, investors are betting that the Fed will cut rates at the September meeting. Williams mentioned that current interest rates are at a moderately restrictive level, which means the Fed can lower rates while maintaining some restraint in the future, but we need to accurately assess the economic conditions.
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Link: Fed Vice Chair Suggests Possibility of Adjusting Interest Rates at Each Policy Meeting [Copy]
