Economics
Fed’s Williams Says Strong Economy Warrants Further Rate Hikes
- New York Fed president says inflation and jobs look good
- Williams isn’t worried that markets have dialed back ’19 hikes
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Federal Reserve Bank of New York President John Williams gave an optimistic review of the U.S. economy, reiterated his support for further gradual interest-rate increases and expressed no concern that market participants have dialed back expectations for policy tightening in 2019.
Markets moved sharply after Chairman Jerome Powell said last week that the Fed is getting closer to its range of estimates for the neutral interest rate -- the dividing line between tight and easy policy -- and his phrasing was widely interpreted as a dovish signal.