March 1, 2024

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The Fed’s John Williams says the central bank “isn’t really talking about interest rate cuts right now.”

The Fed’s John Williams says the central bank “isn’t really talking about interest rate cuts right now.”

New York Fed President John Williams said Friday’s interest rate cuts are not a topic of discussion at the moment for the central bank.

“We’re not really talking about interest rate cuts right now,” he said on CNBC’s “Squawk Box.” “We’re very focused on the question before us, which as Chairman Powell said…is, have we gotten monetary policy into a sufficiently restrictive stance in order to ensure inflation gets back to 2%? That’s the question.” “In front of us.”