N.Y. Fed President John Williams Offers Economic Outlook

NEW YORK–John Williams, President and CEO of the Federal Reserve Bank of New York, offered an optimistic but measured view of the economy during a session at MBA’s Secondary and Capital Markets Conference.

FOMC Cuts Interest Rates; MBA Economist Weighs In

The Federal Reserve’s Federal Open Market Committee cut interest rates by 25 basis points Wednesday in its third consecutive reduction. The market had anticipated the change.