NY Fed President John Williams indicates likelihood of interest rate cuts due to moderating job growth.
NY Fed President John Williams says the central bank's next move will likely involve lowering interest rates. However, he did not specify the timeline for this action. Williams commented on the economy's moderating job growth and mentioned that the Fed is examining the full range of economic data. He stated that eventually, there will be rate cuts, and at present, monetary policy is in a "very good place."
May 06, 2024
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