Federal Reserve Bank of New York President John Williams:
-
Fed in ‘good place,’ has time to think about what’s next for
rates - Fed policy is still
quite restrictive - ‘eventually’ fed
needs to get policy back to more neutral levels - Not surprised to see
some money market rate volatility - Money market
volatility has not affected fed funds rate - Demand for reserves
likely higher now relative to past - Fed needs to think
this year about balance sheet end game - Not caught up in
every twist of financial market shift - Financial markets
highly reactive to new data
Williams spoke earlier:
- Fed’s Williams: Our work to bring inflation back to 2% is not done
- The USD is tilting modestly higher after William’s comments
more to come
This article was written by Eamonn Sheridan at www.forexlive.com. Source