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MNI BRIEF: Williams Says Fed Could Cut Rates In 2024

(MNI) WASHINGTON

New York Fed President John Williams said Monday his baseline view is that interest rates will rise further from where they are today and will likely not be brought down until 2024.

"When I think about the future path, I do see a point, probably in 2024, that we'll start bringing down nominal interest rates because inflation is coming down and and we would want to have real interest rates appropriately positioned based on where the economy is," he said in Q&A after a speech to the Economic Club of New York. (See: MNI INTERVIEW:US Inflation Likely At Turning Point-SF Fed Econ)

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New York Fed President John Williams said Monday his baseline view is that interest rates will rise further from where they are today and will likely not be brought down until 2024.

"When I think about the future path, I do see a point, probably in 2024, that we'll start bringing down nominal interest rates because inflation is coming down and and we would want to have real interest rates appropriately positioned based on where the economy is," he said in Q&A after a speech to the Economic Club of New York. (See: MNI INTERVIEW:US Inflation Likely At Turning Point-SF Fed Econ)

Keep reading...Show less