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MNI BRIEF: Fed's Williams Urges Shoring Up US Treasury Market

(MNI) WASHINGTON

NY Fed President downplays tradeoff between price stability, financial stability.

New York Fed President John Williams Wednesday pushed back against the notion that there is a trade-off between price stability and financial stability goals, and stressed the need to find solutions that strengthen the financial system.

"The time is now to find solutions that strengthen our financial system without compromising our monetary policy goals," said Williams, the FOMC vice chair, speaking at a conference on resiliency in the U.S. Treasury market. "If the Treasury market isn’t functioning well, it can impede the transmission of monetary policy to the economy."

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New York Fed President John Williams Wednesday pushed back against the notion that there is a trade-off between price stability and financial stability goals, and stressed the need to find solutions that strengthen the financial system.

"The time is now to find solutions that strengthen our financial system without compromising our monetary policy goals," said Williams, the FOMC vice chair, speaking at a conference on resiliency in the U.S. Treasury market. "If the Treasury market isn’t functioning well, it can impede the transmission of monetary policy to the economy."

Keep reading...Show less