Fed's Williams Sees No 'Obvious Kind of Direction' for Rate Path -- Market Talk

Dow Jones06-03 22:46

1046 ET - The Fed's April policy decision drew three dissents from officials who wanted the Fed to stop signalling its next move will likely be a rate cut. In an interview with Yahoo Finance, New York Fed President John Williams signals sympathy with that perspective, although he stopped short of spelling out that he thinks the Fed's policy statement should change. "I don't see an obvious argument that we should change interest rates, but I also don't see an obvious kind of direction where we would go in the future," Williams says. Pressed on whether the Fed needs to remove the "easing bias" language in its policy statement, Williams says, "I don't think forward guidance is particularly helpful right now." (matt.grossman@wsj.com; @mattgrossman)

(END) Dow Jones Newswires

June 03, 2026 10:46 ET (14:46 GMT)

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