Fed Chief: No Immediate Rate Cut, Data Challenges
Update: 2025-12-19
Description
John Williams, President of the New York Federal Reserve, believes the economy is well-positioned following recent interest rate cuts, despite unusual factors affecting inflation data. He emphasizes the Feds goal to support job growth and guide inflation back to two percent. Williams suggests another rate cut may not be necessary, citing technical issues with interpreting new economic data. He clarifies the Feds asset buying is not stimulus, but a technical move to provide banking system reserves.
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