Fed's Williams Says Another Rate Hike by Year-End Is 'Reasonable' to Expect
New York Federal Reserve President John Williams made the remarks at the London Macro Policy Forum.
New York Federal Reserve Bank President John Williams said it is "reasonable" to expect another interest rate increase before the end of the year, according to CNBC.
Williams made the comments while speaking at the London Macro Policy Forum on Thursday.
As one of the permanent voting members of the Federal Open Market Committee (FOMC), Williams' remarks are closely watched by markets for signals about the future direction of US monetary policy.
The Federal Reserve has been navigating a balance between controlling inflation and supporting economic growth, with officials in recent months weighing incoming data on inflation, employment and consumer spending when discussing the path of interest rates.
Williams did not specify a precise timeline or the magnitude of any potential rate increase, according to the report.
Markets will continue to monitor comments from other Federal Reserve officials in the coming weeks for further indications of the central bank's policy trajectory heading into the final months of the year.
Sources
- New York Fed’s Williams says it's 'reasonable' to expect another rate hike by year-end — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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