New York Fed President John Williams said the door is open for interest rate cuts.

◻️New York Fed President John Williams said in a statement; The door is open for interest rate cuts as the economy stabilizes and inflation approaches the 2% target.

◼️Speaking at the Council on Foreign Relations, Williams said that interest rates could be lowered to a more neutral level over time, depending on the performance of the economy.

◻️He predicted that the unemployment rate would rise to 4.25%, but would fall to 3.75% in the long term. He also stated that he expected inflation to be close to 2.25% this year and 2% next year.

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