Fed’s Williams: Interest-rate cut could be warranted in the US in the coming months

In an interview with the Wall Street Journal (WSJ) on Wednesday, New York Federal Reserve (Fed) bank President John Williams pushed back against concerns bringing inflation back to the Fed’s 2% goal would be more difficult than it had been so far.

Additional quotes

Interest-rate cut could be warranted in the US in the coming months.

Restrictive stance of policy that we have in place is appropriate.

Even if and when the Fed starts to lower rates, they would remain at a setting that still restrains economic activity.

Last three months of inflation data are getting us closer to a disinflationary trend that we’re looking for.

more to come ....