Fed's Williams Sees Room for Further Rate Cuts

Deep News11-21

New York Federal Reserve President John Williams stated on Friday that he anticipates the U.S. central bank still has room to lower interest rates further.

The influential policymaker, speaking at an event in Chile, emphasized that he views risks to the U.S. labor market as a greater concern than inflation threats, aligning with the dovish stance of some Federal Open Market Committee members.

"I believe monetary policy is moderately restrictive, though less so than before our recent actions," Williams said. "Therefore, I continue to see scope for adjusting the federal funds rate target range in the near term to move policy closer to neutral, maintaining balance in achieving our dual mandate."

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