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 hike. ... (full story)