Reported 10 months ago
John Williams, the President of the Federal Reserve Bank of New York, mentioned that the US economy is heading in a positive direction, but he has not indicated a timeline for a potential interest-rate cut. He emphasized the importance of analyzing incoming economic data before making any decisions regarding easing policy. Williams remains optimistic about inflation figures and expects a decline in inflation for the remainder of this year and next. Despite acknowledging strong signs in the economy and labor market, he noted a slowdown in hiring and expressed caution regarding potentially overstated payroll reports.
Source: YAHOO