Fed’s Williams Still Expects Rate Cuts to Begin This Year
- New York Fed chief says monetary policy is in a good place
- If inflation gradually eases, it will be appropriate to cut
This article is for subscribers only.
Federal Reserve Bank of New York President John Williams said the central bank will likely start lowering interest rates this year if inflation continues to gradually come down.
Williams said monetary policy is in a good place, and pointed to the enduring strength of consumers and the broader economy.