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Fed's Williams says he backs more rate cuts this year, NYT reports

BY Reuters | ECONOMIC | 10/09/25 05:20 AM EDT

Oct 9 (Reuters) - Federal Reserve Bank of New York President John Williams said that he supports more rate cuts this year, according to an interview published by the New York Times on Thursday.

"My own view is that yes, we would have lower rates this year, but we'll have to see exactly what that means," Williams told the newspaper.

(Reporting by Shubham Kalia in Bengaluru; Editing by Sharon Singleton)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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