Fed's Williams: Fed in ‘good place,’ has time to think about what’s next for rates

<p>Federal Reserve Bank of New York President John Williams:</p><ul><li>
Fed in ‘good place,’ has time to think about what’s next for
rates</li><li>Fed policy is still
quite restrictive</li><li>‘eventually’ fed
needs to get policy back to more neutral levels</li><li>Not surprised to see
some money market rate volatility</li><li>Money market
volatility has not affected fed funds rate</li><li>Demand for reserves
likely higher now relative to past</li><li>Fed needs to think
this year about balance sheet end game</li><li>Not caught up in
every twist of financial market shift</li><li>Financial markets
highly reactive to new data</li></ul><p>Williams spoke earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/feds-williams-our-work-to-bring-inflation-back-to-2-is-not-done-20240110/" target="_blank" rel="follow" data-article-link="true">Fed's Williams: Our work to bring inflation back to 2% is not done</a></li><li><a href="https://www.forexlive.com/technical-analysis/the-usd-is-tilting-modestly-higher-after-williams-comments-20240110/" target="_blank" rel="follow" data-article-link="true">The USD is tilting modestly higher after William's comments</a></li></ul><p>more to come </p>

This article was written by Eamonn Sheridan at www.forexlive.com.