New York Fed President: No need to raise interest rates at present, future interest rate direction is uncertain

According to Jinshi reports, New York Fed President Williams stated on Monday that the current accommodative stance of the Federal Reserve reflects the possible long-term direction of monetary policy, and inflation dynamics have not reached a level that warrants discussions on interest rate hikes. He noted, "I do not see any signs from today's data that suggest a need to raise rates 'in the near term'." At the same time, he mentioned that due to numerous uncertainties, the direction of interest rates in the upcoming meetings cannot provide clear guidance.