Fed's Williams suggests rate cut could be warranted in coming months, WSJ reports

New York Federal Reserve President John Williams suggested an interest rate cut could be warranted in the coming months, but not at its July 30-31 policy meeting, the Wall Street Journal reported on Wednesday.

Williams told the Journal that data during the last three months were "getting us closer to a disinflationary trend that we're looking for."

"These are positive signs. I would like to see more data to gain further confidence inflation is moving sustainably to our 2% goal," Williams said.


He also pushed back against concerns that bringing inflation back to the Federal reserve's 2% goal would be more difficult than it had been so far.