---

Federal Reserve Bank of New York President Williams indicated that the U.S. economy is currently in a favorable position to achieve a soft landing. He suggested that after a 50 basis point cut in September, he supports a more gradual approach to interest rate reductions in future meetings.

Williams praised the September employment report as "very good," indicating that even after more than a year of high interest rates, the U.S. economy remains robust, and inflation continues to moderate.

In an interview with the Financial Times, Williams stated, "The current monetary policy stance is indeed strong, as it helps sustain the strength of the economy and the labor market while allowing inflation to move towards the 2% target.

"

The September employment report dampened market expectations of the Fed cutting rates by another 50 basis points after the presidential election in November. The Fed had already initiated its first rate cut in four years in September, lowering rates to 4.75-5%.

As a permanent voting member of the Federal Open Market Committee and a close ally of Fed Chairman Powell, Williams noted that with evidence of moderating inflation and cooling labor markets, the September rate cut was "the right decision then, and it remains so now.

The article is not finished. Click on the next page to continue.

The article is not finished. Click on the next page to continue.