BLOOMBERG: Williams Says Fed Is Data Dependent, Leaves Door Open to Pause

Federal Reserve Bank of New York President John Williams said he is monitoring how strains in the banking sector affect the US economy and left the door open to leaving interest rates on hold next month.

“I will be particularly focused on assessing the evolution of credit conditions and their effects on the outlook for growth, employment, and inflation,” Williams said Tuesday at an event with the Economic Club of New York. “We’re going to get a lot of data between now and our June meeting.”

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