Central Banks
Fed’s Williams Says Recent Inflation Data Positive, More Needed
- Says Fed will learn a lot between July and September
- New York Fed chief speaks to Wall Street Journal in interview
John Williams
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
Federal Reserve Bank of New York President John Williams said inflation data over recent months has been encouraging, but he wants to see more evidence in the coming months to gain the confidence needed to lower borrowing costs.
Speaking in an interview with the Wall Street Journal published Wednesday, Williams said the central bank will learn “a lot” between July and September, a month when policymakers are widely expected to reduce interest rates.