Fed’s Williams Says There’s No Urgency for Further Rate Cuts
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Fed:The Federal Reserve Bank of New York President and CEO John Williams Federal Reserve Bank of New York President John Williams said there’s no urgency to cut interest rates again given recent employment and inflation data, reinforcing expectations for a pause after a string of recent reductions.“I don’t personally have a sense of urgency to need to act further on monetary policy right now, because I think the cuts we’ve made have positioned us really well,” Williams said Friday during an appearance on CNBC. “I want to see inflation come down to 2% without doing undue harm to the labor market. It’s a balancing act.”