Must watch how economy responds as it presses toward neutral rate By Reuters

[ad_1]


© Reuters. FILE PHOTO: John Williams, chief executive officer of the Federal Reserve Bank of New York, speaks at an event in New York, U.S., November 6, 2019. REUTERS/Carlo Allegri/File Photo

WASHINGTON (Reuters) – The Federal Reserve will need to keep a careful eye on how the economy reacts as it raises interest rates, and scale the pace of its rate increases accordingly, New York Fed President John Williams said on Saturday.

Williams, citing events in 2019 when the economy slowed as the Fed approached a neutral rate, said “the experience from that is that we have to move to a more normal level but make sure we are assessing and evaluating…There is no question that is the direction we are moving. Exactly how quickly we do that depends on the circumstances.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

[ad_2]

Source link

Leave a Reply

Your email address will not be published.