Federal Reserve's Williams: Supported Last Week's 25 Basis Point Rate Cut, but Next Move Still Uncertain

BlockBeats News, December 16th, Federal Reserve's Williams said on Monday that the Fed's rate cut last week was the right decision, but the next steps are still hard to judge. Williams told reporters at an event in Jersey City, New Jersey: "I strongly support the decision we made," which is to cut the Fed's benchmark interest rate by 25 basis points. Looking ahead to the policy meeting on January 27th to 28th, he said, "We will wait and collect all relevant data," and currently, "it is still too early to judge how to make the next monetary policy decision." (FX678)