By Michael S. Derby
NEW YORK, June 3 (Reuters) – Federal Reserve Bank of New York President John Williams reiterated on Wednesday that he does not believe the U.S. central bank needs to change the setting of short-term interest rates despite upside inflation risks tied to the Middle East war and other forces.
“Monetary policy, I think, is exactly in the right place,” Williams said in an interview on Yahoo Finance. “I don’t see any need to raise or lower interest rates right now” and “I don’t see an obvious argument to that we should change interest rates, but I also don’t see an obvious kind of direction where we would go in the future.”
(Reporting by Michael S. Derby)
