New York Fed President John Williams indicated that no further rate moves are likely if current conditions hold up.
Interest rates and the economy are in "a good place," New York Fed President John Williams said in a speech Thursday.
John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019.Interest rates are at an appropriate level given the pace of economic growth, New York Fed President John Williams said Thursday.for the third time this year, Williams indicated that no further moves are likely if current conditions hold up.
The "good place" phrase repeats language Fed Chairman Jerome Powell used after the Oct. 30 rate cut, which takes the Fed's benchmark rate to a target range of 1.5%-1.75%. Fed officials indicated then that they are likely to pause for a while as they observe current conditions.
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