With just two weeks to go before their next policy-setting meeting, leading Fede...
NEW YORK/TORONTO - With just two weeks to go before their next policy-setting meeting, leading Federal Reserve officials are describing the U.S. economy and what they should do about it in subtly different ways, hints that a robust debate about whether and how much to cut interest rates is underway.
“We need to consider all of the information available and be flexible in our response,” Williams told a conference on securities linked to inflation, telling reporters later that he expects the economy to grow at an above-trend pace of 2.0%-2.5% in 2019 despite low business investment and trade uncertainty.
“My own view is I’m going to assess the data leading right up to the meeting, and make a judgment on what the appropriate action, if any, would be for us to take,” he told reporters.
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