Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Interest Rates

News : Interest Rates
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 

Fed's Williams : Doesn't See Strong Argument to Raise or Lower Rates

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/22/2019 | 11:00am EDT

By Michael S. Derby

NEW YORK -- Federal Reserve Bank of New York President John Williams said the U.S. economy remains in a "good place" and he sees no reason to change the central bank's interest-rate policy right now.

"I don't see any strong argument...to move interest rates one way or the other," Mr. Williams said Wednesday in a briefing on housing issues held at his bank.

Mr. Williams said he expects the economy to grow just over 2% this year and the 3.6% jobless rate to fall a bit from current levels as the year moves forward. He said worries and risk surrounding the economy have abated a bit since the start of the year.

Mr. Williams also said there is little upward pressure on inflation, although he added underlying inflation pressures are likely close to the Fed's 2% target.

The official said he would like to see inflation move higher and will be closely watching the data to see that recent softness is temporary, as he believes it is likely to be.

Write to Michael S. Derby at michael.derby@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Interest Rates"
05:45aThe Fed Is Buying Bonds Again. Just Don't Call It Quantitative Easing.
DJ
03:55aOverseas investors increase Asian bond buying in September
RE
02:15aTwo-thirds of economists see BOJ easing in Oct; deeper negative rates in focus - Reuters poll
RE
10/15U.S.-Asia oil shipping rates slip from record highs as tanker fears ease
RE
10/15TREASURY RALLY, LOW RATES KEY TO STOCK GAINS : Bill Gross -- Update
DJ
10/15RIPE FOR A FALL : private equity debt rush stokes bond market fears
RE
10/15BoE's Vlieghe sees lower rates if Brexit delayed again
RE
10/15Zero rates and QE still in Fed's playbook for 'ordinary recession' - Bullard
RE
10/15JGBs dip, trade anxiety supports long-dated bonds
RE
10/15Philippine central bank announces reserve requirement cut for bonds
RE
Latest news "Interest Rates"