Williams says the Fed has the tools to fight a recession and can use them ‘more quickly’ next time
New York Federal Reserve President John Williams said the central bank has the tools to fight another recession and could deploy them even more aggressively next time around.
Williams indicated the Fed has enough stimulative methods even as its benchmark interest rate is now below 2%, leaving little room for major cuts.
Specifically, he said monetary policymakers could use asset purchases, or…