MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

(MNI) WASHINGTON
USCentral Bank NewsPolicy NewsHomepageFederal ReserveBriefStoryRegionNorth America

New York Federal Reserve President John Williams on Thursday said the central bank can take its time and let well-positioned monetary policy work and let the economy continue to rebalance.

"I definitely don't feel urgency to to cut interest rates. I think monetary policy is doing exactly what we'd like to see," he said in Q&A at a Semafor event. "My expectation is inflation gets all the way to 2% on a sustained basis as the economy's in good balance. Interest rates will need to be lower at some point, but the timing is driven by the economy."

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New York Federal Reserve President John Williams on Thursday said the central bank can take its time and let well-positioned monetary policy work and let the economy continue to rebalance.

"I definitely don't feel urgency to to cut interest rates. I think monetary policy is doing exactly what we'd like to see," he said in Q&A at a Semafor event. "My expectation is inflation gets all the way to 2% on a sustained basis as the economy's in good balance. Interest rates will need to be lower at some point, but the timing is driven by the economy."

Keep reading...Show less