Fed's Williams sees no urgency for next rate hike
Williams said the Fed can wait for more data as markets cut October hike odds to about even after his remarks.
- On Tuesday, Federal Reserve Bank of New York President John Williams stated the central bank has time to evaluate data before further rate hikes, though one more increase is likely before year-end.
- Following September policy actions, the Fed lifted its overnight target rate range to between 3.75% and 4% to combat persistent inflation pressures that have overshot the 2% target.
- Williams projects inflation ending this year around 3.5% and growth at 2.25%, with unemployment expected to reach 4% next year as price pressures gradually ease.
- While Futures markets anticipate an October rate hike, Williams pushed back, stating "with the policy action we took at our September meeting, there is no need for urgency."
- Inflationary pressures have worsened this year due to President Donald Trump's trade tariffs and surging energy prices tied to war in the Middle East, complicating the Fed's inflation-target return.
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30 Articles
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Federal Reserve Governor Michael Barr has renewed his call for further interest-rate increases to bring inflation down to 2%, while market odds of an October hike have fallen to about 50% from roughly 70%. Federal Reserve Governor Michael Barr said…
Fed rate hike 'not urgent', says John Williams; Austan Goolsbee warns against 'playing with fire'
Federal Reserve Bank of New York President John Williams stated there could be one more interest rate increase before year-end. He emphasized that the central bank is not in a hurry to act immediately as it awaits more economic data. Williams projected that inflation might end the year at approximately 3.5% before returning to the Fed's target by 2028.
The president of the Federal Reserve (Fed) of New York, John Williams, said that there is no urgency to adjust interest, but that a new high of the basic rate can be appropriate at the end of this year to accelerate the return of inflation to the 2% target, if the economy evolves according to its projections. According to him, more data should bring clarity on the trends of the economy and help calibrate monetary policy. Exclusive material for s…
Fed’s Williams Sees One More Interest Rate Hike in Late 2026
Federal Reserve Bank of New York President John Williams said one more interest-rate hike this year may be appropriate to help contain inflation, but added there’s no urgency to act following the central bank’s decision to lift rates earlier this month.
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