Foreign Exchange & Fixed Income

Reuters Exclusive: Fed's Williams says new economic outlook necessary for rate hikes

Reuters Exclusive: Fed's Williams says new economic outlook necessary for rate hikes

New York Federal Reserve President John Williams told Reuters in an exclusive interview that the economic outlook would need to improve considerably in the months ahead to justify any further rate increases – possibly the clearest message so far that the Fed was comfortable with where the rates are now. Williams estimated that the Federal Reserve would continue trimming its bond portfolio well into next year. He also said he felt rates had reached his current view of a lower “neutral” level, with growth and unemployment leveling off and inflation, if anything, a bit weaker than hoped.


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