J. Williams (New York Fed): It makes perfect sense to raise interest rates

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It makes “sense” for the US Federal Reserve to start raising interest rates in 2022, as it “mitigates” the support it provided during the pandemic, New York Fed Chairman John Williams said on Friday.

The Fed will focus on economic data when it decides the exact time and rate of interest rate hikes, Williams said, adding that it was “reasonable” for the central bank to continue withdrawing facilities.

According to Reuters, the Fed official said that the central bank should proceed to reduce its bonds after raising interest rates and said that monetary policy makers have the necessary tools for the smooth management of the balance sheet. .

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Source From: Capital

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