Fed megaphone: Williams laid no groundwork for 50bp rate cut in speech

Golden Ten Data on September 6, “Federal Reserve Mouthpiece” Nick Timiraos: The Fed’s prepared speech by Williams did not lay any foundation for a 50-point interest rate cut. Over time, he said, policy could shift to a more neutral setting. He’s in a Q&A session right now, and if the person asking the question decides to ask monetary policy instead of Treasury management, maybe we’ll get more information.