On Friday Federal Reserve Bank of New York President John Williams provided some push back against the speculation of a March rate cut from the Federal Open Market Committee (FOMC):
As head of the NY Fed Williams is vice chair of the Federal Open Market Committee (FOMC) and has a permanent vote on the Committee. So when he comments about what the FOMC might or might not do, its worth paying attention to his remarks.
UBS argue similarly:
- Federal Reserve Chair Powell sparked an “everything” rally last week. This prompted the others on the FOMC to dampen the more extreme speculation. New York Fed President Williams ... suggested a March cut was not feasible.
![Fed's Williams](https://images.forexlive.com/images/Fed%27s%20Williams_id_6314d456-dfb6-4e30-851b-a0d84a87dbbb_original.jpg)
Fed's Williams