Federal Reserve Bank of New York President John William
- says 2023 was an amazing year for the economy
- current business cycle is not a normal one
- much of what happened in the economy is a reversal of the pandemic hit
- the resilience of the US economy is remarkable
- the Federal Reserve is dealing a strong economy, adding lots of jobs
- wants inflation back to 2% and sees progress on that
-
i do expect us to cut interest rates later this year
-
doesn’t see sense of
urgency to cut rates -
rate hike is not
part of base case -
current outlook
doesn’t suggest another hike is needed
This article was written by Eamonn Sheridan at www.forexlive.com. Source