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NY Fed's Williams on 2024's deliberate playbook
Axios recently sat down with Federal Reserve Bank of New York President John Williams for an exclusive interview on the economy. The big picture: In a 40-minute conversation, Williams suggested the Fed's 2024 plan — to move cautiously and deliberately toward interest rate cuts, and gradually wind down its policy of shrinking its balance sheet — is very much intact. Driving the news: Uncomfortably hot January inflation and job growth numbers have gotten the attention of Wall Street, and pushed back expectations about when rate cuts may arrive — and even prompted murmurs about the possibility of another rate ... (full story)
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Fed’s Williams: View of Economy Hasn’t Changed After Jan Data, Things Moving in Right Direction-- Axios Interview
— DB News TradFi (@DBNewswire) February 23, 2024
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FED'S WILLIAMS: RATE CUTS ARE LIKELY LATER THIS YEAR.
— FinancialJuice (@financialjuice) February 23, 2024