The Federal Reserve’s decision to hold interest rates steady last week rather than raise them was a close call, San Francisco Fed President John Williams said on Sunday.
Williams said the U.S. job market was nearly at full strength but increased concern over the global economy and financial system led policymakers on Thursday to hold off on interest rate hikes.
“In my mind it was a close call,” he told Fox Sunday Morning Futures.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.