Federal Reserve Bank of New York President John Williams - more again from him

These from earlier in the session:

More:

  • data will drive where the Federal Reserve stops hiking rates
  • the destination, not speed, is the key issue for rate hike question
  • the Federal Reserve still has lots of room to run on shrinking the balance sheet
  • the next stage of moving inflation down will be challenging

More rate hikes and those held higher for longer would appear to be the message from NY Fed's Williams.

Fed williams see the light meme