John Williams, President of the Federal Reserve Bank of New York, said on Friday that the U.S. economy is in good shape, reiterating his view that this year's rate cut should appropriately address the potential risks of the Sino US trade war and the global economic slowdown.
"I think monetary policy is right now," Williams told financial professionals in a hosted discussion in New York.
Williams said economic data bodes well for a strong job market at a time of low unemployment. He also said a low unemployment rate of 3.5% did not trigger high inflation.
Fed officials voted last week to cut interest rates to 1.50-1.75%.
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