"Fed's Williams: Progress may lead to natural rate cut, but doubts linger"

In an exclusive interview with CNBC, Federal Reserve official John Williams stated that the focus is on whether interest rates are at the right level and that they are not currently discussing rate cuts. Williams emphasized the need to be prepared to tighten further if progress on inflation stalls. He also mentioned that the market reaction to news has been larger than expected, and the committee's view is a gradual removal of policy easing over the next three years. Williams clarified that the market's reaction to his statement about rate cuts did not capture his intended meaning.