Fed Williams: Limited policy space will result in a slow recovery
|New York Fed President, John Williams, speaking at the Swiss National Bank-International Monetary Fund Conference in Zurich was noted saying that lower neutral rates would require new policy approaches as this would mean slower global recovery and inflation running below target.
Additional quotes:
• Sees no reason to expect neutral rates to revert higher in the foreseeable future.
• Rate-cut space in the event of future downturns will be limited.
• Says that investors view low inflation globally as a new normal.
• Economic resilience can be improved by fiscal policies.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.