Fed’s Williams sees no urgency for next Fed rate hike
John Williams said the Fed can wait for more data, though he still sees one more increase likely before year-end.
- On Tuesday, Federal Reserve Bank of New York President John Williams stated the U.S. central bank has time to weigh data before deciding on further rate hikes, though one more increase is likely before year-end.
- Following September policy actions, the Fed lifted its overnight target rate range to between 3.75% and 4% to combat persistent inflation pressures that have overshot the 2% target for over half a decade.
- Williams projects inflation ending this year around 3.5% and growth at 2.25%, with unemployment expected to reach 4% next year as price pressures gradually ease toward the Fed's target.
- While Futures markets anticipate an October rate hike, Williams pushed back, stating "with the policy action we took at our September meeting, there is no need for urgency."
- Inflationary pressures have worsened this year due to President Donald Trump's trade tariffs and surging energy prices tied to war in the Middle East, complicating the Fed's path to its 2% target.
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The president of the Federal Reserve (Fed) of New York, John Williams, said that there is no urgency to adjust interest, but that a new high of the basic rate can be appropriate at the end of this year to accelerate the return of inflation to the 2% target, if the economy evolves according to its projections. According to him, more data should bring clarity on the trends of the economy and help calibrate monetary policy. Exclusive material for s…
Fed’s Williams Sees One More Interest Rate Hike in Late 2026
Federal Reserve Bank of New York President John Williams said one more interest-rate hike this year may be appropriate to help contain inflation, but added there’s no urgency to act following the central bank’s decision to lift rates earlier this month.
Bitcoin turns lower as rates rise, consumer confidence plunges
'No need for urgency': Fed's Williams suggests October rate hike not a done deal “With the policy action we took at our September meeting, there is no need for urgency, and we have time to gather more information,” said Federal Reserve Bank of New York President John Williams on Tuesday…
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