The New York Fed President discussed future interest rate hikes
New York Fed President John Williams said yesterday that there is no need to raise interest rates again unless there is an unexpected change in growth or inflation.
Be Smart: Williams is the vice chairman of the rate-setting Federal Open Market Committee and votes when that group meets. He told Reuters that policymakers are “in a very good place with rates around neutral.”
Worth Noting: The Fed’s benchmark interest rate now sits in the range of 2.25 to 2.5 percent. Further details on the January policy meeting will be available today when the Fed releases records from its deliberations.