Economic news

Fed’s Williams says interest rate should be cut ‘over time’, FT reports

2024.10.08 01:07

© Reuters. FILE PHOTO: New York Federal Reserve Bank President John Williams speaks to Economic Club of New York, in New York City, U.S., May 30, 2024.  REUTERS/Andrew Kelly/File Photo

(Reuters) – The U.S. Federal Reserve should cut interest rates over time, Federal Reserve Bank of New York President John Williams told the Financial Times in an interview published on Tuesday.

“I personally expect that it will be appropriate again to bring interest rates down over time,” Williams told the FT.



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