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NY Fed's Williams says economy is in a good place, monetary policy well positioned

Published 11/08/2019, 09:16 PM
Updated 11/08/2019, 09:21 PM
NY Fed's Williams says economy is in a good place, monetary policy well positioned

NEW YORK (Reuters) - New York Federal Reserve President John Williams (NYSE:WMB) said on Friday the U.S. economy is in a good place, reiterating his view that the interest rate cuts made this year should appropriately address the potential risks of the trade war with China and a global economic slowdown.

"I think monetary policy is well positioned right now," Williams said during a moderated discussion before an audience of financial professionals in New York.

Williams said economic data points to a strong labor market with low rates of unemployment. He also said that the low unemployment rate of 3.5% is not leading to high inflation.

Fed officials voted to cut interest rates last week to a target level of 1.50% to 1.75%.

Latest comments

in the article he did not refer to the repo market
If they are so well positioned why do they need to continue pumping an ever increasing (currently $120Billion) amount of cash nightly into the repo market? Just to keep their fake interest rate in check and make Wall Street and the banks happy?
its well positioned, well positioned for a collapse.
ATH and everyone knows the next move. All big players leaving the building slowly meanwhile it’s ATH. The ATH doesny even match the bad data we have right now.
So what's going to happen Fed when the wealthy pull another 2008? You know it's coming.
It will be at least another huge drop before the election. Huuge.
Foolish. S&P div yield is still above cash rates even after a 4 x increase due 90% from the Fed's wealth effect. I would love Mr. William s to comnent on that.
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