Central Banks


Fed’s Williams speaking in an in review with Yahoo finance

  • sees continued economic recovery in 2nd half
  • US a critical inflection point as infections spike
  • Federal Reserve is far from raising interest rates
  • central bank policymakers have time to craft any forward guidance on future policy
  • this is not a time to think about liftoff or normalization
  • feels that the public is responding well to the Fed’s existing communication which gives the committee more time to brainstorm how it will tie future rate moves to economic conditions
  • says yield curve controls as a potential tool, but would only rely on it if the Fed saw that existing communications were not being as effective as we would like.
  • The economy remains in a very deep hole
  • providing liquidity is necessary to support confidence in the financing markets that support large US employers

Williams is the president of the New York Fed reserve. As such he holds a permanent voting seat on the FOMC board.

For bank trade ideas, check out eFX Plus



Source link

Articles You May Like

ADX Indicator Strategy + Bollinger Bands Trading Strategy -Forex Scalping -TESTED 100 TIMES -NO WAY!
GBPUSD trades to new session lows
My Best Fx Trading Strategy for 2019? Hieken Ashi Smooth Forex System Explained
FOREX TRADING – Simple and Profitable Forex Strategy!
Free Forex Trading System | Simple Forex Indicator | Discover Simple Forex Trading System

Leave a Reply

Your email address will not be published. Required fields are marked *