Home Fed’s Williams: Interest rate cuts are insurance against ongoing, potential risks
FXStreet News

Fed’s Williams: Interest rate cuts are insurance against ongoing, potential risks

Speaking at the start of a conference on Asian economic policy at the San Francisco Fed, John Williams, president of the Federal Reserve Bank of New York, reiterated that the Federal Reserve’s interest rate cuts were insurance against the ongoing and  potential risks and explained that  ongoing uncertainty on trade and  geopolitics was making businesses cautious and  conservative.

“The Fed will adjust policy if there is a material change to the outlook,” Williams added. “Too-low inflation is a greater concern than too-high inflation.”

The greenback failed to capitalize on these comments and the US Dollar Index was last down 0.12% on the day at 98.20.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.