NY Fed’s Williams: ‘Not the Time to Think’ About Rate Hikes
New York Fed President John Williams said Thursday that the Federal Reserve is far from raising interest rates, adding that central bank policymakers have time to craft any forward guidance on future policy.
“This is not the time to think about liftoff or normalization,” Williams told Yahoo Finance in an exclusive interview.
Minutes from the Fed’s most recent policy-setting meeting on June 9 and 10 noted that Fed officials have been debating whether or not to offer forward guidance on the path of interest rates, including one proposal for a stated commitment to keeping rates low until inflation reaches the Fed’s existing target of 2%. Read more…………..
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