New York Fed President and influential FOMC member John Williams said on Friday that the economic implications of the Covid-19 pandemic and the war in Ukraine are highly uncertain, Reuters reported. Many countries are facing a sharp rise in inflation and the actions taken by central banks affect capital flows between countries. Therefore, transparency in monetary policy can increase its effectiveness and reduce its unintended consequences, he added.
Featured Statements
“Risk Management at the Forefront of Thought Among Central Bankers”.
“Inflation is at the forefront of all our thinking.”
“We are watching inflation expectations and other indicators very closely.”
“Medium- and long-term inflation expectations have remained remarkably stable.”
“Overall, financial markets have adjusted expectations with minimal disruption.”
Source: Fx Street
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