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Federal Reserve's policy rate is in "a good place' right now, NY Fed's Williams says

Sep. 07, 2023 3:50 PM ETBy: Liz Kiesche, SA News Editor8 Comments
San Francisco Federal Reserve President John Williams & Mizuho Securities USA CEO John Koudounis Visit "Opening Bell With Maria Bartiromo" On FOX Business Network

Rob Kim

"Inflation is moving in the right direction, though it's still too high," John Williams, president of the Federal Reserve Bank of New York said in a moderated discussion on Thursday. "We're seeing movement in the right direction to bring supply and demand more into

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Comments (8)

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Don't look for Retailers to lower Prices.
They may have Sales but 30% off on Outerwear priced at $100 is still $70 Bucks.
Student loans come due in 24 days. Could this be the reason to think consumer spending will moderate? I am expecting a poor holiday season for everyone!
WYCO Researcher profile picture
He is WRONG! Fed funds target needs to be at least 75 to 100 basis points higher to get inflation at or below 2% within the next 15 months.
William Apel profile picture
He said it perfectly....signs the labor market is cooling and wage growth is slowing....it was never about inflation, it was about taking job leverage away from normal people and giving it back to the big corporations.
James_B profile picture
These guys just need to stop speaking. Economy isn't in a good spot. There's been a reduction in the growth rate of inflation (highest in 40 years) and still 50% higher than where the Fed wants it. All time debt levels across the board. Job market looks like the last domino to fall, all these backdated revisions are going to add up... Hey, oil is over $85/barrel, that happened quickly. Hostile nations want to keep it higher now that China's tanks are full... what else? Oh right, home mortgage applications now the lowest in 30 years.

But you go on and wait for that data to keep coming out.
SuperPac profile picture
@James_B He is a central banker. Not the Prez of the land. As a central banker he has done well in supporting Powell's tough stance on rates against the political pressure coming from Yellin/Treasury.
Not too hot. Not too cold. Don't muck it up Joe.
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