Speaking on CNBC, New York Fed President John Williams warned that “there are risks to that outlook that maybe the economy will slow further”. He also emphasized that Fed is “listening” and it’s “ready to re-assess and reevaluate our views and…policy stance”. And, Fed will “go into the new year with eyes wide open, willing to read the data and listen to what we are hearing, re-assess our economic outlook, and take the right policy decisions.”
To be more specific, Williams said “Something like two rate increases would make sense in a really strong economy going forward. But we’re data dependent, we’re going to adjust our views dependent on how the outlook changes.”
