Fed’s Williams: No Case for Rate Hikes, Rate Cuts Expected Eventually Very confident in the language of the FOMC statement Current uncertainty limits the ability to offer policy guidance Fed easing bias mainly reflects likely longer-term policy trends Interest rates will need to…
Fed’s Williams: No Case for Rate Hikes, Rate Cuts Expected Eventually Very confident in the language of the FOMC statement Current uncertainty limits the ability to offer policy guidance Fed easing bias mainly reflects likely longer-term policy trends Interest rates will need to fall at some point Long-term outlook points to eventual rate reductions No case for rate increases Declines to comment on widening Fed swap lines| FJ