The "three heads" of the Federal Reserve suggest that interest rates may be adjusted at every policy meeting.

New York Fed President Williams said that the upcoming policy meeting of the Federal Reserve will be a "real-time" meeting, implying a possible interest rate adjustment, but did not explicitly state which action plan he would support. Williams said in an interview with CNBC on Wednesday: "From my perspective, I definitely think that every meeting is real-time." Referring to the Fed's dual mandate of achieving maximum employment and price stability, he said: "We are making risks more balanced." After Fed Chairman Powell said last Friday that "downside risks to employment are rising" and that "changes in the balance of risks may require us to adjust our policy stance," investors bet on a rate cut at the September meeting. Williams said that the current level of interest rates is "moderately restrictive," which means that the Fed can "lower rates while maintaining some restraint in the future, but we need to accurately assess the economic situation."