Newsday: Rate-drop outlook: 'We are not there yet,' New York Fed president John C. Williams tells Long Island group

John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York, speaks to business leaders Wednesday at the Cradle of Aviation Museum in Uniondale.  Credit: Howard Schnapp
 
By James T. Madore
james.madore@newsday.com
Updated February 28, 2024 9:48 pm

The U.S. economy isn’t yet at the stage where interest rates can be lowered, the No. 2 executive on the Federal Reserve’s rate-setting committee told Long Island business leaders on Wednesday.
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