NY Fed President: US economy to continue recovery in H2

17 Jul 2020 03:50 PM

New York Federal Reserve President John Williams has indicated that the US economy may continue to recover in the second half of the year. His most prominent statements were:

The possibility of raising interest rates remains low - for the time being.

The Fed is closely monitoring market developments.

Current conditions do not call for a change in monetary policy.

The possibility of controlling the yield curve is on the table, but it is not the best option.

The economy is in a slow growth environment for now.

Maintaining liquidity supply is essential to bolster confidence in the financial markets and support employers.


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