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New York Fed leader John Williams said Wednesday the economy remains in a good place and recent central bank rate cuts are aimed to keep it there, in comments that also said ongoing Fed market interventions have helped tame volatile short-term lending rates.
Mr. Williams, who was speaking at an event in La Jolla, Calif., didn’t offer any hints about whether the Fed would be following its quarter-percentage point rate cuts from July and September with more at future meetings, as many in markets expect.