Free Trial
FOREX

EUR/USD Staging Shallow Post-ECB Bounce

OIL PRODUCTS

China Raises Domestic Diesel, Gasoline Prices

EGB OPTIONS

Bund downside structure

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: Williams Says Fed Has Begun To Reduce Price Pressures

(MNI) WASHINGTON

The central bank has still more work to do, New York Fed chief says.

New York Fed President John Williams said Monday tighter monetary policy has begun to cool demand and reduce inflationary pressures, though the central bank still has more work to do.

Williams, also vice chair of the rate-setting FOMC, added that large and rapid shifts in monetary policy across the globe could contribute to stresses and expose vulnerabilities in global financial markets.

Keep reading...Show less
382 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

New York Fed President John Williams said Monday tighter monetary policy has begun to cool demand and reduce inflationary pressures, though the central bank still has more work to do.

Williams, also vice chair of the rate-setting FOMC, added that large and rapid shifts in monetary policy across the globe could contribute to stresses and expose vulnerabilities in global financial markets.

Keep reading...Show less