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6/28, 2:57 PM (Source: TeleTrader)
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Fed's Williams: 3.5%-4% funds rate reasonable

Federal Reserve Bank of New York President John Williams said on Tuesday that it would be "reasonable" to get to a 3.5%-4% Fed funds rate, adding that the last 75 basis-point hike was "exactly right" and that the Fed will debate whether to increase rates by 50 or 75 bps at the next meeting.

Williams told CNBC he expects the US economy to grow 1% or 1.5% in 2022. He noted the economy is strong, although there are some downside risks from abroad, assuring the Fed has "a path forward" to cool inflation.

Baha Breaking News (BBN) / DJ