off-the-wire

Fed's Williams doesn't see urgent need to cut interest rates again, in CNBC interview

Kitco Media
By Reuters
Published:
Updated:
Reuters
Fed's Williams doesn't see urgent need to cut interest rates again, in CNBC interview teaser image

Dec 19 (Reuters) - Federal Reserve Bank of New York President John Williams said Friday that he did not see any imminent need to follow last week’s interest rate cut with another easing.

In a CNBC interview, the Fed official said he did not have a “sense of urgency” to lower rates, saying “I think the cuts we've made have positioned us really well” to help get inflation down while helping to support a cooling job market.

Reporting by Michael S. Derby; Editing by Alex Richardson

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