Fed’s Williams: 2019 Rate Cuts Positioned Economy for Growth, Strong Labor Market


NEW YORK—Federal Reserve Bank of New York President John Williams said Thursday the central bank’s rate cuts last year put the economy on a path to continue its expansion, and he said what happens next with interest-rate policy depends on what happens with the data.

Three rate cuts last year “positioned us well to keep the economy growing above trend, GDP growth was about 2 ¼% last year, I think it’s going to be about the same this year based on what we have, and that’s going to generate continued strong labor markets and…