Published Date May 30, 2024

Higher interest rates are working to bring down inflation in the U.S. and around the world, New York Federal Reserve President John Williams said Thursday, but it still may not be enough for the Federal Reserve to cut rates.

At an event held by the Economic Club of New York, Williams said price pressures inflamed by the pandemic, the war in Ukraine, and global supply chain issues were easing helped lower by higher interest rates.


READ MORE: US Economy News Today: Housing Market Outlook Dims As Pending Sales Fell in April

By Caroline Gaudette

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