New York Fed President: Moderately tight monetary policy stance still appropriate

According to a report by Golden Finance, John Williams, the President of the Federal Reserve Bank of New York, stated that there is still a high degree of uncertainty regarding how rapid changes in immigration, trade, and fiscal policies will impact the economy. The current monetary policy stance remains appropriate, allowing the Federal Reserve to respond well to the constantly changing environment. Williams stated that the decision to slow down the balance sheet reduction is a natural part of the Federal Reserve's portfolio tightening action and has "no impact" on monetary policy.