Federal Reserve Bank of New York President John Williams, a core FOMC member (The head of the NY Fed has a permanent vote on the Federal Open Market Committee).
- Fed policy not yet in restrictive place for growth
- Fed’s rapid rate hikes have been `very beneficial’
- Fed still has a way to go, cites 4.6% median 2023 dot
- Seeing some signs of thinner market liquidity
- Core markets continue to function reasonably well
- Fed needs to be focused on getting inflation down
- Peak for Fed rates, the pace of hikes depends on data
Nothing of much surprise from Williams here, we all know the Fed is still powering ahead on hikes.
Earlier:
