- New York Fed president Williams: Fed has ability to respond in case inflation gets too high a level - WSJ
Market news
5 May 2021
New York Fed president Williams: Fed has ability to respond in case inflation gets too high a level - WSJ
- Says Fed's bond-buying is an important part of monetary policy
- It is designed to help the economy recover from the pandemic impact
- Does not see higher valuations in stocks, housing market as being a significant risk to financial stability right now
- Expects inflation to rise above 2% this year but likely will be temporary
- Not going to draw a line on how high inflation could rise to prompt policy change
- Sees need for strong monetary policy support to ensure recovery
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page