Economics

Williams Says Fed’s Rate Liftoff Still Way Off in the Future

Fed not close to tapering purchases, New York Fed chief says
Williams speaks Tuesday in an interview on Bloomberg TV

Federal Reserve Bank of New York President John Williams says the Fed’s discussion about raising interest rates is “way off in the future” as the central bank begins debating tapering its bond-buying program. He speaks on “Bloomberg The Open.” (Source: Bloomberg)

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By Matthew Boesler, Steve Matthews, and Catarina Saraiva

June 22, 2021 at 2:19 PM UTC

Updated on

June 22, 2021 at 5:52 PM UTC

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A discussion about raising interest rates is still quite a ways off as the Federal Reserve begins debating tapering its bond-buying program, New York Fed President John Williams said.