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What path will the Federal Reserve take in December? Multiple decision-makers have expressed their views.
Will the Federal Open Market Committee of the USA continue to cut interest rates later this month? What will be the future policy path? At least three US Federal Reserve officials expressed their views on Monday. 1. New York Fed President Williams spoke out: There may be a need to further cut interest rates towards a neutral stance. Given the risks facing inflation and employment becoming more balanced, the decision-making body may need to further reduce interest rates and adjust the policy rate towards a neutral stance; however, Williams did not say whether he would support a rate cut at the Fed meeting this month. He stated that relevant decisions will be made at each interest rate meeting. 2. Fed Director Waller said he tends to cut rates again in December.
New York Fed President Williams speaks: further interest rate cuts may be needed to move towards a neutral stance.
John williams, the president of the New York Federal Reserve Bank, stated that as the risks related to inflation and employment have become more balanced, the decision-makers may need to further lower the interest rates, adjusting the policy rate towards a neutral stance. However, williams did not specify whether he would support a rate cut during the Federal Reserve's meeting this month. He mentioned that related decisions will be made at each meeting. "I expect that over time, continuing to move towards a more neutral policy setting will be appropriate," williams said at an event hosted by the Queens Chamber of Commerce in New York on Monday, "The policy path will depend on the data. If there is one thing we've learned over the past five years, it's the outlook.
Express News | Federal Reserve Williams stated that the current position of the neutral interest rate is still unclear.
Express News | Federal Reserve's williams: mmf policy remains in a tightening stance.