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Fed’s Williams Says Estimates Show ‘Low R-Star Regime Endures’

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Federal Reserve Bank of New York President John Williams, who has deeply researched the natural rate of interest known as r-star, pushed back against recent commentary that it has risen since the pandemic.

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Fed’s Williams Says Economy Strong, Needs More Data for Rate CutFederal Reserve Bank of New York President John Williams said the US economy is “moving in the right direction” but declined to say when he would favor an interest-rate decrease.
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