Fed’s Williams Says Economy Strong, Needs More Data for Rate Cut
Tue, Jun 18, 2024 6:50 PM

Fed’s Williams Says Economy Strong, Needs More Data for Rate Cut

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Federal Reserve Bank of New York President John Williams stated the US economy is "moving in the right direction," citing signs of supply and demand coming into balance. He refrained from commenting on when he would support an interest-rate decrease, emphasizing that Fed decisions would depend on incoming economic data. Williams expects inflation to continue falling this year.

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