Free Trial

MNI BRIEF: Fed's Williams Says Economy 'More Challenged'

WASHINGTON (MNI)

New York Fed President John Williams said on Wednesday he is worried the economy will be "more challenged" because of waning fiscal support for growth.

The Fed stands ready to support the recovery, he said, but was not specific about how it might do so.

"We clearly have the ability within monetary policy to make sure that interest rates are low and understood to continue to be low," he told a virtual conference sponsored by the Society of American Business Editors and Writers.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.