Fed’s Williams Says Accelerated Stimulus Reduction Will Allow Rate Hike In 2022

Dec 17 (Reuters) – Federal Reserve officials are focused on bringing inflation down to their 2% target and the end of stimulus in March will give them more “optionality” next year to raise interest rates if it is. necessary, said the president of the organization in New York, John Williams on Friday.

“We’re going to end the show very soon, we’ll do it in mid-March … And I think that’s exactly the right thing to do,” Williams said in an interview with CNBC on Friday.

“It’s about putting our monetary policy stance in a good position and also obviously creating optionality sometime next year, probably to start really increasing the target range for federal funds,” he added.

(Reporting by Jonnelle Marte; edited in Spanish by Carlos Serrano)



Reference-www.infobae.com

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