Published Date May 30, 2024

Earlier on Thursday, New York Fed President John Williams told the Economic Club of New York he feels there is "ample evidence" that monetary policy is restrictive and helping to bring inflation down to the Fed's 2% target.

"At some point" the Fed will get to a place where it can cut rates, but the timing is unclear, Williams said. "I don't feel any urgency" to lower rates with the economy performing as well as it has, he noted.


READ MORE: Fed officials see inflation falling, signal no rush to cut rates

By Caroline Gaudette

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