{
  "id": 10756301,
  "title": "Fed’s Williams says no rush after September hike",
  "url": "https://urgent.news/2026/09/29/feds-williams-says-no-rush-after-september-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T18:22:33.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/feds-williams-says-no-rush-after-september-hike-202609291822"
  },
  "original_language": "en",
  "account": "Federal Reserve Governor John Williams stated that the central bank does not feel the need for haste following the September interest rate increase. This measured response caused a slight dip in the US Dollar Index (DXY), though it remains in positive territory for the day. Williams highlighted that additional data will aid the Fed in determining the future direction of monetary policy. He elaborated that if the economy performs as anticipated, there might be another rate hike this year. Williams also projected that inflation would stay at 3.5% this year and reach the Fed's 2% target by 2028. He emphasized that inflation must be curbed to avoid becoming entrenched. Williams pointed out that US GDP is expected to be 2.25% this year, with unemployment around 4% by 2027. He further noted that advances in AI are becoming a significant factor in inflation. The US economic momentum appears strong and may be gaining further strength. The Fed's mandate is to maintain price stability while promoting full employment. This is accomplished primarily through the manipulation of interest rates. When prices rise too rapidly and inflation exceeds the Fed's 2% target, they raise interest rates, leading to higher borrowing costs across the economy. This strengthens the US Dollar as it becomes a more appealing option for international investors. Conversely, if inflation falls below 2% or unemployment is excessively high, the Fed may lower interest rates to encourage borrowing, which has a negative impact on the US Dollar. The Fed convenes eight times a year to deliberate on economic conditions and make monetary policy decisions. These meetings are attended by twelve officials, comprising the seven governors of the Federal Reserve Board, the president of the Federal Reserve Bank of New York, and four regional Reserve Bank presidents, who serve one-year terms on a rotating basis. In extreme circumstances, the Federal Reserve may implement Quantitative Easing (QE), a non-standard measure during crises or when inflation is abnormally low. QE entails the Fed printing more dollars and utilizing them to purchase high-grade bonds from financial institutions. The opposite process of QE is Quantitative Tightening (QT), which occurs when the Fed ceases buying bonds and refrains from reinvesting the principal from maturing bonds into new ones. QT generally enhances the value of the US Dollar. Recent data from both the US and Australia has led to fluctuating monetary policy decisions, causing currency fluctuations.",
  "summary": "The New York Fed Governor John Williams said that he “sees no need for urgency after September rate hike,” a dovish statement that pushed the US Dollar Index (DXY) modestly lower, though it remains positive in the day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "New York Fed's Williams sees one more rate hike late this year",
        "url": "https://urgent.news/2026/09/29/new-york-feds-williams-sees-one-more-rate-hike-late-this-year",
        "published": "2026-09-29T18:02:21.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Fed’s Williams sees no urgency for next Fed rate hike",
        "url": "https://urgent.news/2026/09/29/feds-williams-sees-no-urgency-for-next-fed-rate-hike",
        "published": "2026-09-29T18:06:50.000Z"
      },
      {
        "outlet": "WSJ Economy",
        "title": "New York Fed President John Williams said Tuesday that the Federal Reserve needn’t rush to continue raising interest rates after officials voted through the first rate increase in three years last week",
        "url": "https://urgent.news/2026/09/29/new-york-fed-president-john-williams-said-tuesday-that-the-federal",
        "published": "2026-09-29T18:13:00.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Fed rate hike 'not urgent', says John Williams; Austan Goolsbee warns against 'playing with fire'",
        "url": "https://urgent.news/2026/09/29/fed-rate-hike-not-urgent-says-john-williams-austan-goolsbee-warns",
        "published": "2026-09-29T19:47:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}