Williams: Doesn't see Fed actions overheating the economy

Author: Adam Button | Category: Central Banks

Comments from NY Fed President John Williams:

  • Still a lot of demand for US Treasuries
  • Housing shouldn't suffer long-term damage from the virus
  • Psychology of consumer is big challenge for reopening
  • Main Street lending program to be up-and-running in the next couple weeks
  • Doesn't see now any problems in terms of deficits
There's nothing new here and it all underscores the optimism (dare I say complacency?) about the reopening and return to normal.

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