New York Fed President "Expresses Concern Over Labor Market Slowdown... Suggests Possibility of Additional Rate Cuts"

John Williams (John Williams), president of the Federal Reserve Bank of New York (New York Fed), expressed concern about a slowdown in the labor market and hinted at the possibility of additional rate cuts this year.

On the 9th (local time), according to the overseas economic breaking news channel Walter Bloomberg, Williams said, "Signs of a labor market slowdown are becoming clear," and "If this situation continues, I could support additional rate cuts at the remaining two Federal Open Market Committee (FOMC) meetings this year."

The outlet added, "Williams is considered a key aide to Federal Reserve Chair Jerome Powell, and his remarks are interpreted as a sign that the Fed is likely to maintain an accommodative monetary policy stance."