Let's ask David Wessel. He's the senior fellow in economic studies at Brookings. David, it's great to see you. >> Good to see you, Cali.>> Let's I guess go piece by piece here on the the rate cut itself. There will be those like Moran, I assume, pushing for a half point cut, but when you look at the backup in bond yields, you think that's this is probably not going to be the moment for that, right. >> I think that's right.He'll make his stand. Uh maybe he's still running for chair or something. And we know ...

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams said on Friday that the central bank, which last week decided to stop shrinking its stock of ​bonds, may soon need to grow its balance sheet through bond purchases. "The next step in our balance ‌sheet strategy will be to assess when the level of reserves has reached ample" from the current state of "somewhat above ample," Williams said ‌in the text of a speech prepared for delivery at the European Central Ba ...