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Fed's Williams: Supports 25 Basis Point Rate Cut Last Week, Uncertain About Next Move
Summary: According to sources, the Federal Reserve's Williams stated on Monday that the decision to cut rates last week was correct, but the next steps are still uncertain. Williams, speaking at an event in Jersey City, New Jersey, told reporters: "I am very supportive of the decision we made to lower the Fed's benchmark interest rate ...
According to sources, the Federal Reserve's Williams stated on Monday that the decision to cut rates last week was correct, but the next steps are still uncertain. Williams, speaking at an event in Jersey City, New Jersey, told reporters: "I am very supportive of the decision we made to lower the Fed's benchmark interest rate by 25 basis points." Looking ahead to the policy meeting on January 27-28, he said: "We will wait and gather all relevant data, it is still too early to determine what the next monetary policy decision should be."
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Link: Fed's Williams: Supports 25 Basis Point Rate Cut Last Week, Uncertain About Next Move [Copy]
