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Williams Reiterates Need To Maintain Restrictive Stance For Some Time

FED

NY Fed’s Williams (voter) headlines are feeding through from his moderated discussion at Queens College.

*FED'S WILLIAMS: DESPITE INFLATION PROGRESS, STILL A WAYS TO GO - bbg

*WILLIAMS: 'I'M NOT GOING TO DECLARE VICTORY' ON INFLATION YET - bbg

*WILLIAMS: NEED TO KEEP RATES RESTRICTIVE 'FOR SOME TIME' - bbg

*WILLIAMS: FED OFFICIALS' FORECASTS SHOW RATES FALLING NEXT YEAR - bbg


They are so far in keeping with prepared remarks from Sep 29: “My current assessment is that we are at, or near, the peak level of the target range for the federal funds rate” […] “I expect we will need to maintain a restrictive stance of monetary policy for some time.”

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