2025-11-21 21:38:06
Proponents of a cut in interest rates by the Federal Reserve in December gained a powerful backer on Friday,
when a top official said the central bank had scope to lower borrowing costs “in the near term.”
John C. Williams is president of the Federal Reserve Bank of New York and a close ally of Jerome H. Powell, the Fed chair.
He emphasized in a speech that he was more concerned about the labor market weakening
than that rising inflation because of Trump’s tariffs wou…










