Fed's Williams backs more rate cuts this year due to labor market slowdown risks, he tells NYT

(Reuters) -Federal Reserve Bank of New York President John Williams supports more interest rate cuts this year in view of the risk of a further slowdown in the labor market, he said in an interview published by the New York Times on Thursday. "My own view is that yes, we would have lower rates this year, but we’ll have to see exactly what that means," Williams told the newspaper. "The risk that inflation got well above 2% and we didn't bring it back down would be very damaging to the economy and to our c ...