Reported 1 day ago
John Williams, President of the Federal Reserve Bank of New York, stated that the Federal Reserve is expected to implement further interest rate cuts, contingent on incoming data, while highlighting ongoing economic restraint. Despite recent rate cuts, he believes the monetary policy remains restrictive to help manage inflation. Williams acknowledged the uncertainty surrounding the economic outlook, particularly with factors like potential changes in fiscal and immigration policies under President-elect Trump influencing his projections. He reassured that the financial system is well-positioned to navigate year-end market pressures.
Source: YAHOO