Federal Reserve’s Williams: Now is not the time to provide explicit guidance

Golden Ten Data reported on April 16 that Federal Reserve’s Williams said on Thursday that uncertainties about the economic outlook are limiting what Fed officials can say about the outlook for interest rate policy. Williams stated: “Given the many uncertainties in the current economic situation and the impact of the war in the Middle East, now is not the time to provide clear guidance. If the inflation rate falls back to 2%, I believe lowering interest rates would be an appropriate move, but we are not at that point yet.”