Fed's Williams Says Cuts Have Brought Risks Into Better Balance

Core Viewpoint - The Federal Reserve Bank of New York President John Williams indicates that interest rates are "well positioned" to stabilize the labor market and achieve the central bank's inflation target of 2% during a Council on Foreign Relations event in New York [1] Summary by Relevant Categories - Interest Rates - Interest rates are currently deemed to be in a favorable position to support labor market stability [1] - Inflation Target - The central bank aims to bring inflation back to its target of 2% [1] - Labor Market - The stabilization of the labor market is a key focus for the Federal Reserve [1]