NY Fed President John Williams shared his views on the labor market, inflation, and interest rates in a recent interview with Wall Street Journal reporter Nick Timiraos. The transcript of their conversation reveals Williams’ stance on resuming rate normalization.
According to Williams, if data over the next two months aligns with recent trends, indicating some goods inflation filtering through, but no significant strengthening in the labor market, he may support easing policy at the next FOMC meeting. However, he emphasized that his position depends on data and that he is cautious about committing to a timeline.
Williams stressed being data-driven and weighing risks carefully before making any decisions. He also highlighted the importance of an open mind when evaluating economic conditions.
As the vice-chair of the Federal Open Market Committee (FOMC), Williams has significant influence over interest rate decisions. The FOMC meets next on September 16 and 17, and his comments will likely shape market expectations for future policy actions.
Source: https://investinglive.com/centralbank/feds-williams-says-hell-have-very-much-an-open-mind-on-september-meeting-rate-cut-20250802