Federal Reserve Bank of New York President John Williams said there’s no urgency to cut interest rates again given recent employment and inflation data, reinforcing expectations for a pause after a string of recent reductions.
“I don’t personally have a sense of urgency to need to act further on monetary policy right now, because I think the cuts we’ve made have positioned us really well,” Williams said Friday during an appearance on CNBC. “I want to see inflation come down to 2% without doing undue harm to the labor market. It’s a balancing act.”