Central Banks
Fed’s Williams Says Now Appropriate to Lower Interest Rates
- Says risks to Fed’s employment, inflation goals in equilibrium
- New York chief’s comments come in wake of latest jobs report
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Federal Reserve Bank of New York President John Williams said it is now appropriate for the central bank to reduce interest rates, given progress on lowering inflation and a cooling in the labor market.
Williams said there had been “significant progress” toward the Fed’s dual goals of maintaining stable prices and maximum employment and that the risks to achieving both have moved into “equipoise,” or a state of equilibrium.