Fed's Williams: Eventually there will be rate cuts
John C. Williams, President of the Federal Reserve (Fed) Bank of New York hit newswires during a speech a t the Milken Institute Global Conference in Beverly Hills on Monday. NY Fed President Williams is a voting member of the Federal Open Market Committee (FOMC), the Fed's key body responsible for interest rate decisions.
Key highlights:
Eventually there will be rate cuts.
Williams is seeing job growth moderating.
Fed is looking at totality of economic data.
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