• Federal Reserve Bank of New York President John Williams on Thursday kept his options open over future U.S. interest rate policy, acknowledging falling inflation and a better balanced economy, which suggests there is no urgency for a rate rise later this month.
  • When it comes to the current setting of monetary policy, “it’s pretty clear we’re restrictive” but it’s “still an open question as we go forward” whether policy must present an even greater headwind to economic activity to bring inflation back down to 2%, the Fed official said.