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Fed's Williams: 2020 Growth Seen Around 2%
[CNBC] Fed’s Williams: US Economy Performed Really Well In 2019
— LiveSquawk (@LiveSquawk) December 18, 2019
- 2020 Growth Seen Around 2%
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Added at 10:23am
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NY Fed’s Williams says it would take a ‘material’ change in economy for Fed to adjust stance
The Federal Reserve will have to see a substantial change in economic conditions before making any changes to its monetary policy stance, New York Fed President John Williams said Wednesday. “Monetary policy is in a good place,” he spoke with CNBC’s Steve Liesman. “But, as we’ve proven in the past, if economic conditions shift, change in a material way … obviously we’re ready to adjust our policy views accordingly.” The Fed cut rates three times this year in a near-complete reversal of its 2018 policy moves. Last year, the central bank hiked rates four times. The last rate hike of 2018 added fuel to a ... (full story)
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