Williams: Supports Rate Cut, Estimates Neutral Rate at 0.75%

BlockBeats News, September 30th. On Monday, the Federal Reserve's Williams said that early signs of weakness in the labor market had led him to support a rate cut at the recent Fed meeting. Williams said: "It made sense to slightly lower the rate," and that "modestly easing some tightening measures" would help boost the labor market and exert some downward pressure on still elevated inflation levels.

In addition, he also said that his model estimates the actual neutral interest rate to be 0.75%, but added that the neutral rate is important, but policy is data-dependent. (FXStreet)