NewsFeeder
12-22-2018, 03:36 AM
Williams Says the Fed's Rate Hike Guidance Isn't a Commitment
Following days of steep stock market losses, the president of the Federal Reserve Bank of New York sought to reassure investors that officials will listen to market signals in setting interest rates, emphasizing that their outlook for further gradual hikes is not set in stone. “This is not a commitment, or a promise, or in any way a sense that we know for sure that’s what we are going to do,” John Williams said Friday during a TV interview on CNBC. U.S. equities initially extended a morning rally on his comments before largely giving up their gains over renewed political turmoil around President Donald Trump’s White House.
https://finance.yahoo.com/news/williams-says-fed-apos-rate-153830090.html?.tsrc=rss
Following days of steep stock market losses, the president of the Federal Reserve Bank of New York sought to reassure investors that officials will listen to market signals in setting interest rates, emphasizing that their outlook for further gradual hikes is not set in stone. “This is not a commitment, or a promise, or in any way a sense that we know for sure that’s what we are going to do,” John Williams said Friday during a TV interview on CNBC. U.S. equities initially extended a morning rally on his comments before largely giving up their gains over renewed political turmoil around President Donald Trump’s White House.
https://finance.yahoo.com/news/williams-says-fed-apos-rate-153830090.html?.tsrc=rss