Fed’s John Williams says half-point rate hike a reasonable option for May

Chairman of the New York Federal Reserve John Williams said a sharp rise in interest rates was a good prospect at the U.S. central bank’s meeting in early May, part of an effort to aggressively raise short-term rates to deal with inflation high.

A half-percentage-point hike at the May 3-4 Federal Open Market Committee meeting is “a very reasonable option,” Williams said Thursday on Bloomberg Television.


Wj

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