(WALL STREET JOURNAL) – Federal Reserve Bank of New York President John Williams said that in a world where interest rates are lower than they have been historically, central banks must confront any sign of weakness quickly and aggressively.
"Take swift action when faced with adverse economic conditions" and "keep interest rates lower for longer" when you do lower rates, Mr. Williams said at the 2019 Annual Meeting of the Central Bank Research Association, held at the New York Fed.
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