New York Fed President Williams: Biggest challenge is a willingness on the part of the market to stop using Libor

Market news

15 July 2019

New York Fed President Williams: Biggest challenge is a willingness on the part of the market to stop using Libor

Says he doesn't always sense urgency from market participants to shift language in contracts away from USD Libor
Industry can't wait on Libor shift
Libor is a leading risk to financial stability
We are now at a critical polit in the timeline
Consumer products are a critical area where industry needs to focus because it's going to be challenging

White House Adviser Navarro: Trump to sign order on Monday, seeking to increase domestic content threshold for American-made iron and steel

U.S. Stocks open: Dow +0.02%, Nasdaq +0.13% S&P -0.03%

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