New York Fed President Williams: It Would Be Appropriate To Cut Interest Rates Again In The Future

1

New York Fed Chairman John Williams told the Financial Times on Tuesday: “I personally expect that over time it will be appropriate to cut interest rates again. ”

Williams said he did not view September’s move “as a guideline for how we will conduct ourselves going forward.”

Williams told the Financial Times, “Right now, I think monetary policy is well positioned for the outlook, and if you look at the SEP [Summary of Economic Projections] forecasts that take the full gamut of views, the economy continues to grow, inflation returns. To 2%, that’s a very good fundamental situation.”

You Might Be Interested In:

• USD/CHF Faces Sharp Selloff Near 0.8500
• USD/CAD Holds Steady Above Mid-1.3500
• USD/JPY Rises To Around 143.00 After Japan’s GDP Misses Expectations