Federal Reserve’s Williams: Supported last week’s 25 basis point rate cut, but it is still difficult to determine the next move

BlockBeats News, December 16 — Federal Reserve's Williams stated on Monday that the Fed's decision to cut interest rates last week was the right one, but the next move is still difficult to determine. Speaking to reporters at an event in Jersey City, New Jersey, Williams said: "I strongly support the decision we made," referring to the 25 basis point cut in the Fed's benchmark interest rate. Looking ahead to the policy meeting on January 27-28, he said: "We will wait and gather all relevant data," and that it is "still too early to determine what the next monetary policy decision should be." (Golden Ten Data)