Williams' comments boost odds of a Fed cut, though policy hawks remain adamant
Yahoo Finance·2025-11-21 23:28
By Howard Schneider WASHINGTON (Reuters) -The U.S. Federal Reserve can still cut interest rates "in the near term" without putting its inflation goal at risk, New York Fed President John Williams said on Friday in comments that prompted traders to shift bets firmly in favor of a December rate reduction even as other officials insisted borrowing costs should remain steady for now. "I view monetary policy as being modestly restrictive...Therefore, I still see room for a further adjustment in the near ter ...