Fed New York’s Williams says yields reflect solid economy
New York Fed President John Williams said rising long-term bond yields aren’t driven by inflation fears, but reflect a solid economy, CNBC reported. He said he is still gathering information for the next monetary policy decision.
By Michael S.
DerbyFederal 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 poli…