The Fed’s governor, Williams, said yesterday that rising US Treasury yields are a sign of optimism about the economic recovery. It was suggested that the US financial authorities have no policy to take steps to curb these yield movements.
In an interview with CNBC, Williams said, “There are signs of rising inflation expectations. We are approaching a level consistent with the authorities’ long-term target of 2%. Real yields will rise somewhat in the future. It’s a sign and reflects growing optimism about the economy. ” “So it’s not a concern for me, but rather it reflects the market’s view that the economic outlook is gaining strength,” he said.
Republicans claim that the $ 1.9 trillion additional economic measures planned by US President Joe Biden are too large, and one of the Democrats, including former US Treasury Secretary Lawrence Summers. From the departmentOverheatingConcerns have been expressed over.
Williams said the economy was still in a “deep hole.” “There is a long way to go back to maximum employment. There is a long way to go back to the authorities’ 2% inflation target,” he said. “There is no concern that economic or financial support is excessive at this time,” he continued.
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Fed’s Williams Says Rising Treasury Yields Reflect More Optimism(Excerpt)
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