Williams made his remarks in a speech Tuesday during which he also said inflation is trending to the central bank's 2% goal.
New York Fed President John Williams said he is content with the current position of monetary policy and interest rates.Williams expects the economy to continue growing.
In a speech Tuesday, Williams also said he considers the U.S. economy to be "in a very good place" and inflation to be drifting up to the Fed's 2% longer-term goal. Federal Reserve officials in October approved the third quarter-point rate cut this year. But in doing so, they also indicated that they likely will be on hold for a period as they evaluate incoming data. The Fed's benchmark funds rate is now targeted in a range between 1.5%-1.75%.
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