Former Fed senior adviser says the Federal Reserve will not raise rates today

Former Federal Reserve senior adviser Jon Foster said on July 29 that he does not expect the Fed to raise interest rates today. Foster tied that view to comments from Federal Open Market Committee Vice Chair John Williams, saying he agreed with Williams’ argument that deliberately surprising markets would not produce any credibility benefit for the central bank. The remarks were cited by BlockBeats in a short policy update. No additional policy details or timetable beyond today’s meeting were provided in the report.