One Fed official may have saved market from another rout. Why John Williams' remarks matter so much
John Williams, New York Fed President, hinted at a possible interest rate cut, calming market fears of another selloff. His remarks, seen as a signal from Fed leadership, suggest a December rate cut, despite internal Fed divisions. Williams' comments helped stabilize stocks amid AI bubble concerns and geopolitical uncertainties, with traders assigning a 73% chance of a rate reduction. Other Fed officials expressed reservations, highlighting ongoing policy debates.