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Fed’s Williams Sees Risks to Inflation, Employment Balanced

Federal Reserve Bank of New York President John Williams said risks to inflation and employment from higher energy prices are “in balance” and that he favors holding interest rates steady.

John Williams, president and chief executive officer of the Federal Reserve Bank of New York, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, Sept. 4, 2025. Williams said his forecast is that it will “become appropriate” to cut interest rates “over time,” without clarifying the timing or pace of such moves.
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