12/15/2023 Williams CNBC Interview | Fedbot

FED’S WILLIAMS: WE AREN’T REALLY TALKING ABOUT RATE CUTS RIGHT NOW FED’S WILLIAMS: WE ARE AT OR NEAR RIGHT PLACE FOR MONETORY POLICY FED’S WILLIAMS: IT’S PREMATURE TO EVEN BE THINKING ABOUT TIMING OR RATE CUTS FED’S WILLIAMS: WE ARE NOT READY TO SAY WHEN THE BALANCE SHEET WIND DOWN STOPS Replay Steve Liesman: Start with the question I’m getting from a lot of people in the markets and the questions I have myself, which is – what changed between, say, the end of November when it sounded like you and the chair were both saying, hey, it wasn’t time to talk about rate cuts, and then what happened at the meeting where it sounded like the committee was talking about rate cuts. John Williams: First of all, we aren’t really talking about rate cuts right now. We’re very focused on the question in front of us, which as Chair Powell said, have we gotten monetary policy to restrictive stands to ensure inflation comes back down to 2%? That’s the question in front of us and what we’ve been really thi

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