Williams, president of the New York Fed, said that in their March economic outlook, Fed policymakers said they would raise rates once more this year and then pause, which was a "reasonable starting point." If inflation falls, the Fed will need to lower interest rates. The president of the Chicago Fed said that in the face of recent banking pressures, the Fed should be cautious about raising interest rates. He is the first senior official to say that the Fed may need to hold off on raising interest rates. John Williams, the third-in-command of the Federal Reserve and president of the New York Fed, said that Fed policymakers still have more work to do to reduce inflation, and said that despite the uncertainty brought about by the turmoil in the banking industry, they will not change their course. He emphasized that interest rates should be raised once more this year;
Click to follow and don't get lost, the community provides free guidance