At the Semafor World Economy Summit today, New York Fed President John Williams there is no urgency in current monetary policy stance.
“We’ve got interest rates in a place that is moving us gradually to our goals. So I definitely don’t feel urgency to cut interest rates. I think monetary policy is doing exactly what we would like to see,” he said.
Williams underscored that while an increase in rates is not the expected course, it remains a possibility should the economic indicators necessitate such action to achieve Fed’s inflation objectives.
