Fed's Williams tells New York Times he backs more rate cuts this year

(Reuters) -New York Federal Reserve President John Williams backs more interest rate cuts this year given the risk of a further slowdown in the labor market, according to an interview published by the New York Times on Thursday. Williams, the Fed vice chair and a permanent voting member of the U.S. central bank's rate-setting Federal Open Market Committee, added, however, that the current labor market slowdown did not point to an imminent recession. "My own view is that, yes, we would have lower rates th ...