Federal Reserve's Williams: Expects further rate cuts from the Federal Reserve

ChainCatcher news, according to Jinshi, New York Federal Reserve President Williams stated on Monday that as inflationary pressures continue to ease, the Federal Reserve may further lower its interest rate targets.

During a speech at a meeting of the Queens Chamber of Commerce in New York, Williams said, "Monetary policy remains in a restrictive range to support a sustainable return of inflation to the 2% target." Looking ahead, "I expect that over time, it will be appropriate to continue shifting towards a more neutral policy setting," Williams stated, adding that the policy path will depend on the data.

If there is anything we have learned in the past five years, it is that the outlook remains highly uncertain. Williams did not provide clear guidance on the timing of interest rate cuts or whether he believes the Federal Reserve will lower its interest rate targets at this month's FOMC meeting.