Fed’s Williams Says No Obvious Direction Ahead for Rates (1)

Federal Reserve Bank of New York President John Williams said US monetary policy is well positioned for now but he sees no obvious direction for the future path of interest rates.

“Monetary policy is exactly in the right place. I don’t see any need to raise or lower interest rates right now,” Williams said Wednesday during an interview with Yahoo Finance. “I also don’t see an obvious kind of direction where we would go in the future,” he added.

Fed policymakers are expected to debate a change in their post-meeting statement when they gather June 16-17 in Washington under the ...