NY Fed’s Williams says economy is in a good place, monetary policy well positioned

“NEW YORK (Reuters) – New York Federal Reserve President John Williams said on Friday the U.S. economy is in a good place, reiterating his view that the interest rate cuts made this year should appropriately address the potential risks of the trade war with China and a global economic slowdown” writes Midwest Communications Inc for “I think monetary policy is well positioned right now,” Williams said during a moderated discussion before an audience of financial professionals in New York.Williams said economic data points to a strong labor market with low rates of unemployment. Fed officials voted to cut interest rates last week to a target level of 1.50% to 1.75%.

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