{"id":124121,"date":"2021-12-17T15:08:24","date_gmt":"2021-12-17T15:08:24","guid":{"rendered":"https:\/\/fin2me.com\/?p=124121"},"modified":"2021-12-17T15:08:24","modified_gmt":"2021-12-17T15:08:24","slug":"raising-rates-would-be-a-positive-event-for-the-u-s-economy-new-york-feds-williams-says","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/raising-rates-would-be-a-positive-event-for-the-u-s-economy-new-york-feds-williams-says\/","title":{"rendered":"Raising rates would be a positive event for the U.S. economy, New York Fed&#x27;s Williams says"},"content":{"rendered":"<ul>\n<li>&quot;I go into next year feeling [like] the baseline outlook is a very good one. Therefore, actually raising interest rates would be a sign of a positive development in terms of where we are in the economic cycle,&quot; said New York Federal Reserve President John Williams.<\/li>\n<li>His comments came after the Fed signaled earlier this week that it sees as many as three rate hikes in 2022.<\/li>\n<li>The central bank also said this week it would aggressively dial back its bond-buying program.<\/li>\n<\/ul>\n<p>The Federal Reserve raising interest rates next year would signal the central bank feels good about the country&#x27;s economic recovery, New York Fed President John Williams said Friday.<\/p>\n<p>&quot;I go into next year feeling [like] the baseline outlook is a very good one. Therefore, actually raising interest rates would be a sign of a positive development in terms of where we are in the economic cycle,&quot; Williams said in an interview with CNBC&#x27;s Steve Liesman on &quot;Squawk Box.&quot;<\/p>\n<p>&quot;I&#x27;m pretty optimistic that we&#x27;re seeing really strong improvements in the labor market. You&#x27;re seeing the unemployment rate come down quickly,&quot; Williams added.<\/p>\n<p>His comments came after the Fed signaled earlier this week that it sees as many as three rate hikes in 2022. The Fed cut rates to near-zero levels in March 2020 as part of its efforts to support the economy at the onset of the Covid-19 pandemic. The central bank also said this week it would aggressively dial back its bond-buying program.<\/p>\n<p>That rate forecast comes during an increase in U.S. inflation.<\/p>\n<p>The consumer price index \u2014 which tracks the price of everything from cars to food to rent \u2014 surged 6.8% in November on a year-over-year basis. That marks its fastest acceleration since 1982. The producer price index \u2014 another inflation measure that tracks wholesale prices \u2014 increased last month by 9.6%, its fastest pace on record.<\/p>\n<p>&quot;We&#x27;re very focused on inflation; it is obviously too high right now,&quot; Williams said. &quot;We want to make sure inflation comes back down to our 2% longer-run goal.&quot;<\/p>\n<p>However, Williams noted that the Fed doesn&#x27;t need to further speed up the tapering of its asset purchase program to temper the recent inflation surge.<\/p>\n<p>On Wednesday, the Fed announced it will be buying $60 billion in bonds per month starting in January. That&#x27;s half of what it was buying prior to November. It also puts the Fed on track to wrap up its program by March.<\/p>\n<p>&quot;I don&#x27;t see that there&#x27;s any real benefit to try to speed it up further,&quot; Williams said. &quot;We like to do things in a way that&#x27;s very carefully studied, very carefully communicated \u2026 without creating disruption in markets.&quot;<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/12\/17\/raising-rates-would-be-a-positive-for-the-us-economy-new-york-feds-williams-says.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&quot;I go into next year feeling [like] the baseline outlook is a very good one. Therefore, actually raising interest rates would be a sign of [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":124120,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Raising rates would be a positive event for the U.S. economy, New York Fed&#x27;s Williams says - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/raising-rates-would-be-a-positive-event-for-the-u-s-economy-new-york-feds-williams-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raising rates would be a positive event for the U.S. economy, New York Fed&#x27;s Williams says - Fin2me\" \/>\n<meta property=\"og:description\" content=\"&quot;I go into next year feeling [like] the baseline outlook is a very good one. 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