US Fed must be ‘vigilant’ to support growth

6 September, 2019 12:00 AM printer

NEW YORK: New York Federal Reserve Bank chief John Williams said Wednesday he is ready to take action to support the American economy, which faces mounting risks and uncertainty.

The remarks by the influential Fed member, who holds the vice chair of the central bank's monetary policy committee, should comfort investors who expect the Fed to cut interest rates again in two weeks, report agencies.

In a speech, Williams said that while the American economy appeared to be on solid footing, weak exports and manufacturing, slower global growth, falling business investment.