Federal Reserve's "Big Three" Suggests Rate Adjustment Possible at Each Policy Meeting

BlockBeats News, August 27th, New York Fed President Williams stated that the upcoming Fed policy meeting will be a "live" meeting, implying a possible interest rate adjustment, but he did not explicitly state which course of action he would support. In an interview today, Williams said, "From my perspective, I definitely think every meeting is live. We are making risks more balanced." After Fed Chairman Powell stated last Friday that "downside risks to employment are rising" and that "changes in the risk balance may require us to adjust our policy stance," investors are betting that the Fed will cut interest rates at the September meeting. Williams said that the current interest rate level is "moderately restrictive," which means the Fed can "lower rates while maintaining some restraint in the future, but we need to accurately assess the economic conditions." (FXStreet)