In an interview with the Financial Times (FT) on Tuesday, New York Federal Reserve (Fed) President John Williams said "I personally expect that it will be appropriate again to bring interest rates down over time.”

Williams said that he doesn't see the September move "as the rule of how we act in the future."

"Right now, I think monetary policy is well positioned for the outlook, and if you look at the SEP [Summary of Economic Predictions] projections that capture the totality of the views, it's a very good base case with an economy that’s continuing to grow and inflation coming back to 2 percent,” Williams told the FT.