Fed's Williams: There is no urgency to cut interest rates, but if data supports it, interest rates may be raised

2024-04-18 23:25:43 Views

Fed Williams said today that there is no rush to cut interest rates and the timing of interest rate cuts will be determined by economic data. He said: "Monetary policy is in good shape. Our interest rates are gradually moving towards the target. So I definitely don't feel the urgency to cut rates." Market expectations for a rate cut by the Fed fell further this week after Powell signaled that policymakers will Waiting for a longer rate cut than previously expected. Williams also said on Thursday that raising interest rates was not his basic expectation, but that if economic data ensured that the Fed's inflation target was met, a rate increase was still possible. Earlier this week, he said in an interview that the Fed could start lowering interest rates this year if inflation continues to gradually decline.

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Title:Fed's Williams: There is no urgency to cut interest rates, but if data supports it, interest rates may be raised - Flash
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