Fed's Williams Comments On September Rate Cut And Economic Outlook

According to Odaily, Federal Reserve's John Williams stated that a 50 basis point rate cut in September is not a rule for future actions. He emphasized that the rate decision made in September was appropriate for that time and remains correct today. Williams also mentioned that the U.S. economy is prepared for a soft landing. He described the latest rate forecast dot plot by officials as a 'very good baseline scenario.' The goal is to adjust rates to a neutral level so that over time, they no longer suppress demand.