Central Banks
Fed’s Williams Says Policy in Good Place, Must Be Data Dependent
- New York chief says monetary policy is in restrictive stance
- Fed needs to ensure inflation gets down to 2% sustainably
John Williams
Photographer: Al Drago/BloombergThis article is for subscribers only.
Federal Reserve Bank of New York President John Williams said US monetary policy is “in a good place,” but officials will need to parse through data to decide on how to proceed on interest rates.
“I think we’ve gotten monetary policy in a very good place in terms of we have a restrictive stance of policy,” Williams said Thursday during a moderated discussion with Bloomberg TV reporter Michael McKee at Bloomberg LP’s headquarters in New York.