New York Fed president Williams
The New York Fed president Williams is speaking but his comments say nothing on monetary policy on the economy:
- We must think about how to shore up the treasury market so it can better indoor the next big shock
- The New York Fed took unprecedented action to stabilize markets last year
- The actions taken by the New York Fed last year offer a stark reminder that markets are not nearly as resilient as they should be
- Treasury market reform should bring together the best ideas from the public and private sectors
Williams spoke five days ago (November 12). At the time he said:
- There are segments of the labor force that are more protected against inflation and others less so
- People on fixed incomes are less protected against inflation
- Fed officials have to understand the effects of climate issues on financial stability in terms of supervision and regulation
- Fed officials are focused on inequality and equitable growth because they are important to the economy
