Federal Reserve Bank of New York President John Williams on Interest Rates

SOURCE finance.yahoo.com
Federal Reserve Bank of New York President John Williams believes it is appropriate for the central bank to reduce interest rates due to progress in lowering inflation and a cooling labor market.

Key Points

  • Inflation moving sustainably toward 2% goal
  • Focus on employment landscape
  • Reduction in interest rates likely at next Fed meeting

Pros

  • Progress on lowering inflation
  • Cooling labor market

Cons

  • Potential risks of economic shifts
  • Uncertainty around the size and pace of rate cuts