New York Fed's Williams says yield surge due to strong economic prospects
The central bank policymaker in a CNBC interview did not commit on whether he thinks an interest rate hike is necessary.
The central bank policymaker in a CNBC interview did not commit on whether he thinks an interest rate hike is necessary.
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Why it matters
A senior Fed official attributing the yield surge to strong economic prospects signals a meaningful monetary-policy interpretation that could influence market expectations and credit conditions amid systemic stress.
Sources
CNBC
New York Fed's Williams says yield surge due to strong economic prospects
The central bank policymaker in a CNBC interview did not commit on whether he thinks an interest rate hike is necessary.