The Fed
Fed's John Williams sees no need for urgency on interest rates
On September 29, Federal Reserve Bank of New York President John Williams said there is no need for urgency on rates after September's increase, though one more hike late in the year might be appropriate.
How we got here
- The FOMC raised the federal funds target range by 0.25 percentage point, to 3.75%–4%. Gov
- Fed Governor Michael Barr said further policy adjustments were likely needed to return inflation to target in a timely fashion. Gov
- Williams said it was reasonable to expect another rate increase by year-end. CNBC
- Williams said at the University at Buffalo that one more late-year increase might be appropriate if his forecast held. Newyorkfed
- The FOMC convened for a scheduled two-day meeting. Gov
- The next scheduled FOMC meeting after October begins; it runs through December 9 and is associated with a Summary of Economic Projections. Gov
All coverage
The coverage
- Fed's Williams sees no urgency for next rate hikeReuters · Sep 29
- 'No need for urgency': New York Fed's Williams squashes notion of an October rate hikeYahoo Finance · Sep 29
- Fed's Williams: 'Reasonable' to expect another rate hike by year-endCNBC
- Fed will act to ensure inflation resumes its moderationFinancial Times · Sep 24
- Key Takeaways from President Williams’ Speech on the Economic Outlook and Monetary PolicyNewyorkfed
Analysis & opinion
- What to know about the Fed’s decision.The New York Times · Sep 22
- Four reasons behind our higher Fed interest rate forecastAllianzgi · Sep 25
- How will Fed rate hikes impact markets?UBS · Sep 21
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