New York Fed President John Williams said there isn’t an imminent need for the central bank to pull back on monetary policy support, even though the U.S. economy is likely to have a strong year ahead
Federal Reserve Bank of New York President John Williams said Monday that while the U.S. economy is likely to have a very strong year ahead, this welcome turn of events doesn’t suggest the central bank faces any imminent need to pull back on its aggressive levels of monetary policy support.
Updated May 3, 2021 5:15 pm ETFederal Reserve Bank of New York President John Williams said Monday that while the U.S. economy is likely to have a very strong year ahead, there isn’t yet an imminent need for the central bank to pull back on its aggressive levels of monetary policy support.
“The economy is now positioned to grow quickly” and “with accommodative financial conditions, strong fiscal support, and widespread vaccinations, I expect that the rate of economic growth this year will be the fastest that we’ve experienced since the early 1980s,” Mr. Williams said in a virtual appearance where he also took questions from the audience and then reporters.
But that level of growth doesn’t mean the Fed needs to shift gears."We are still far from our goals of maximum employment and price stability,” Mr. Williams said, adding “let me emphasize that the data and conditions we are seeing now are not nearly enough for the FOMC to shift its monetary policy stance.” headtopics.comRead more: The Wall Street Journal »
Baby bongo: Critically endangered antelope makes debut at Polish zoo
A baby mountain bongo, born two weeks ago at Warsaw Zoo in Poland, was enjoying one of its first walks outside with her mother on Thursday after a cold spell kept her indoors until now.
I offer you the opportunity to earn while working from the comfort of your home. Write me if interested Sofiakingston_ 因为美联储的目的是收割全世界人民的财富的机器！ As long as the Chinese economy grows, we Americans are safe for another quarter. This guy better sit back... Do you know how dictators rule in the contemporary century? and how dictators dominate in the age of communication and technology? Are you aware of the inquisition of the Iranian people by the dreaded porch of the Mullahs? I suggest you watch this movie, it is worth translating.
Good to know a John C Reilly character heads the New York Fed