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MNI BRIEF: Williams Suggests Fed's Liftoff to Be Gradual

(MNI) WASHINGTON
(MNI)

New York Federal Reserve President John Williams said Monday that surveys showing the Fed would raise rates gradually after liftoff are "consistent with our [the Fed's] framework."

Williams comments come as ex-New York Fed President William Dudley told MNI last week that when the Fed does start tightening "they're going to have to go relatively quickly" to perhaps above 4%. Williams spoke to reporters on a call after a speech to the Women in Housing and Finance 2021 Annual Symposium where he said the economy is far from the Fed's goals despite signs of a strong recovery.

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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