A Quick Summary
Federal Reserve Bank of New York President John Williams expressed approval of the recent softer consumer inflation data but indicated that it is insufficient to justify cutting interest rates in the near future.
Federal Reserve Bank of New York President John Williams told Reuters he welcomed the arrival of softer consumer inflation data but said that positive news is not enough to call for the U.S. central bank to cut interest rates sometime soon.
The post Fed’s Williams welcomes inflation data, not ready to seek rate cuts appeared first on Reuters News Agency.
