Policy
New York Fed's Williams Sees 'No Need for Urgency' but Says One More Hike May Fit Late This Year
Speaking in Buffalo, the FOMC vice chair called inflation at 3.7% 'unquestionably too high' while describing the labor market as solid.
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By Marcus Elrod
Oct 1, 2026 · 5 min read
Federal Reserve Bank of New York President John C. Williams said Tuesday that the Federal Open Market Committee can afford to wait after its September rate increase, while indicating that one further increase may still be appropriate before year-end.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.