Fed’s Williams Says No Need to Adjust Rates in ‘Very Near Term’
- New York Fed chief says objectives are in ‘better balance’
- Inflation still has ‘a ways’ to go to get to 2%, Williams says
John Williams
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Federal Reserve Bank of New York President John Williams said the central bank has made “tremendous progress” toward better balance on its inflation and employment goals, but added there’s no need to cut in the “very near term.”
Williams, speaking to reporters after an event in New York Thursday, said inflation still has “a ways to go” to get to the Fed’s 2% goal. He added monetary policy is in a good place, and the labor market remains strong.