Fed's Williams says next Fed move likely to be lower rates
- Federal Reserve Bank of New York President John Williams said Monday that at some undefined point the U.S. central bank will lower its interest rate target.
The comments Monday followed last week's Federal Open Market Committee meeting. There, officials maintained their overnight target at between 5.25% and 5.5%, while signaling it's likely to stay there for some undefined period while they seek out additional evidence inflation is retreating back to target.
Williams also said the Fed’s efforts to shrink the size of its balance sheet have gone well and haven’t rattled markets.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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