Central Banks
Fed’s Williams Says Interest-Rate Cuts Are ‘Likely Later This Year’
- New York Fed chief looking for 2% inflation on sustained basis
- Officials taking lessons from 2019 quantitative tightening end
John Williams
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Federal Reserve Bank of New York President John Williams said the economy is headed in the right direction, and it will likely be appropriate to cut interest rates later this year.
Speaking in an interview with Axios, Williams said officials want to see inflation data that continues to move toward the central bank’s 2% goal.