No comments on monetary policy from the Fed's Williams

Author: Adam Button | Category: Central Banks

NY Fed President on market functioning

  • Measures of market functioning deteriorated in March to levels near or worse than those seen in 2008
  • Rapid restoration of market functioning helped restore a robust flow of credit, providing economic boost
  • Important to study market volatility in Sept and Marc hand to identify its root causes
It's root causes are cheap Fed money. It's leverage on top of leverage.

For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose