Federal Reserve Official Williams expects the next interest rate meeting to be a balanced consideration.

According to the Financial Times, John Williams, President of the Federal Reserve Bank of New York, stated that while wealthier families may benefit from the booming stock market, the financial pressures faced by middle and low-income Americans could threaten the resilience of the US economy. In an interview with the newspaper, Williams said that the Fed's next interest rate decision in December was "actually a balance between considerations." Despite "high inflation rates with no signs of decreasing," the US economy is "showing some resilience." Nevertheless, many Americans are still struggling to afford housing and other living costs. Williams said there is evidence that "middle and low-income families face some constraints on affordability." He also dismissed calls to change the mechanism of the Fed's benchmark interest rate and stated that the optimism driven by artificial intelligence boosting productivity is supporting the market, while also admitting concerns about potential overinvestment and stock market bubbles.