New York Fed Pres. John Williams: Rise in yields is not a concern

Author: Greg Michalowski | Category: Central Banks

New York Fed Pres. John Williams speaking on CNBC

  • Rising 10 year treasury yield is responsive to fiscal support, vaccines
  • The rise in yields not a concern
  • Jobs are down around 10 million from the pre-pandemic levels
  • economy has quite a ways to go to get back to maximum employment/2% inflation
  • economy is still in a deep hole
  • not concerned about fiscal stimulus being excessive
  • seeing quite a pickup in residential real estate prices
  • strong asset prices reflect investors looking ahead to a more robust recovery, and that we are in a low interest rate environment globally
  • concern is we see really strong imbalances. Don't see evidence for imbalances however
  • Decisions on monetary policy are based on where the economy is in regard to max. employment and reaching inflation target at 2% on a sustained basis.
  • Does not see the evidence for leverage level concerns
As president of the New York Fed, Williams is a permanent voting member on the FOMC
Invest in yourself. See our forex education hub. 
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose