Fed Officials Signal Possible Hold Until at Least September (1)

Two Federal Reserve officials, including New York Fed chief John Williams, suggested policymakers may not be ready to lower interest rates before September as they confront a murky economic outlook.

“It’s not going to be that in June we’re going to understand what’s happening here, or in July,” Williams said Monday at a conference organized by the Mortgage Bankers Association. “It’s going to be a process of collecting data, getting a better picture, and watching things as they develop.”

The Fed’s next three meetings are in June, July and September.

New York Fed President John Williams.

Photographer: Michael Nagle/Bloomberg

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