- Federal Reserve Bank of New York President John Williams stated that the labor market remains solid, although he anticipates some moderation as the year progresses.
- Williams will approach the September Federal Open Market Committee (FOMC) meeting with an open mind regarding future monetary policy decisions.
- He foresees economic growth developing in 2026, with tailwinds supporting this expansion.
- The Fed maintained its target policy rate at 4.25%-4.50% during its July meeting, acknowledging challenges of slowing economic growth and tariff-related distortions.
- Some experts anticipate two 25 basis point rate cuts in 2025, followed by two more in 2026, with the federal funds rate potentially falling to 3%-3.25% by early 2027.
Fed's Williams on labor market, September meeting, and 2026 economic growth
Aug 2, 2025, 1:02:48 AM UTC(23 hours ago)
Impact: Medium
From:@DeItaone
*FED WILLIAMS: LABOR MARKET STILL SOLID IN MY VIEW, WILL GO INTO SEPTEMBER MEETING WITH AN "OPEN MIND"
*FED WILLIAMS: SEES TAILIWINDS & ECONOMIC GROWTH DEVELOPING IN 2026
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