Fed's Williams Ties Rising Bond Yields to Strong Economy, CNBC Reports
Williams said higher long-term yields reflect a strong U.S. economy and said the Fed still needs more data before its next rate decision.
- On Wednesday, New York President John Williams said rising long-term bond yields reflect a strong economy rather than inflation fears, driven by investments in artificial intelligence and technology.
- Trade tariffs and the Middle East war keep inflation above 2%, yet Williams emphasized the Federal Reserve's duty: "It's our job. Nobody else can do that for us" regarding price stability.
- Williams said his September FOMC meeting decision will "depend on the data and depend on some of the risks to achieve our goals," while Treasury Department actions do not "fundamentally" complicate policy work.
- Investors widely expect the Federal Reserve to raise rates at the September FOMC meeting, as Williams maintained his view that officials "just have to keep watching" the data going forward.
- While recent inflation data are encouraging, Williams cautioned there is "no clear science" confirming current policy will lower inflation to 2% in the next year, warning against relying on only a month or two of data.
20 Articles
20 Articles
Fed's Williams ties rising bond yields to strong economy, CNBC reports
Federal Reserve Bank of New York President John Williams said on Wednesday rising long-term bond yields aren’t driven by inflation fears but are instead a reflection of a solid economy, in comments that also said he was still collecting information to drive his next monetary policy decision.
The president of the Federal Reserve (Fed) district of New York, John Williams, said he believed that the significant advance in Treasury revenues was the result of a stronger economy in the United States, not a greater concern of financial agents with the American fiscal and inflation scenario. He, who is part of the Fed's regional unit members who vote in monetary policy decisions, also highlighted an approach dependent on inflation data. Excl…
The Economic Times
Times of IndiaFed's Williams ties rising bond yields to strong economy, CNBC reports
John Williams, the President of the New York Fed, emphasizes the impact of robust economic growth on increasing bond yields. He highlights the Federal Reserve's essential role in managing inflation and achieving its goals. As he continues to analyze data for upcoming interest rate adjustments, recent economic indicators show promise in reducing price pressures. The central bank remains vigilant, ready to adapt its strategies based on new informa…
New York Fed President John Williams: Higher bond yields come with a strong economy
CNBC’s Steve Liesman and New York Fed President John Williams joins 'Squawk Box' to discuss the state of the economy, rising bond yields, the Fed's inflation fight, interest rate outlook, and more.
- John Williams, President of the New York Federal Reserve, said today Wednesday that the recent rise in treasury bonds revenues is the product of a strong economy...
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