New York Federal Reserve Chairman John Williams He said Wednesday that the Fed will need to tighten monetary policy if the labor market recovers faster than expected or if inflation remains higher than anticipated, according to Reuters.
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“Asset valuations are very high.”
“Focused on maximum employment targets and price stability.”
“I believe that purchases of treasury and mortgage-backed securities work through the same channel of lowering long-term interest rates.”
“The effects of interest rates by themselves are not the main drivers of house prices.”
“There are many factors that affect the decision to work and how to work even when employers try to fill open positions.”
“The fundamental opinion is that we will be able to have a very strong labor market again.”
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