TechFlow News, April 16: Federal Reserve Bank of New York President John Williams stated on Thursday that uncertainty regarding the economic outlook limits what Fed officials can say about the future path of interest-rate policy. Williams said: “Given the considerable uncertainty surrounding the current economic situation—and the impact of the Middle East conflict—now is not the time to provide clear guidance. If inflation falls to 2%, I believe it would be appropriate to lower interest rates; however, we are not yet at that stage.” (Jinshi)
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