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Fed's Williams says it is reasonable to see another US rate hike this year
John Williams said inflation risks and uncertainty make another move by the Federal Reserve reasonable, after policymakers lifted rates last week.
- New York Federal Reserve President John Williams said on Thursday that another interest rate hike by the end of 2026 is "reasonable," emphasizing the Fed will collect data to guide future policy decisions.
- The Federal Reserve under Fed Chairman Kevin Warsh raised its policy rate to the 3.75%-4.00% range last week, with 16 of 18 policymakers signaling the need for at least one more hike before 2027.
- Inflation posed the "big challenge" for policymakers, as Williams noted pressures are building from President Donald Trump's trade tariff agenda and conflict in the Middle East.
- Futures markets are pricing in strong odds of increased borrowing costs at the Fed's October policy meeting, while Williams stressed high levels of uncertainty cloud the economic outlook.
- Although the economy proved resilient to higher energy prices caused by the Iran war, Fed officials now expect inflation will not return to the 2% target until 2029.
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Fed's Williams says it is reasonable to see another US rate hike this year
New York Federal Reserve President John Williams said on Thursday it was reasonable to think that the U.S. central bank might need to raise interest rates again before the end of the year to help bring down inflation risks.
·London, United Kingdom
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Economics: Williams: It Makes Sense to Expect a New Increase in Interest Before the End of the Year.
The president of the Federal Reserve in New York, John Williams, said it was reasonable to expect the Feds to raise interest rates again before the end of the year, in...
Coverage Details
Total News Sources13
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
Factuality
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