Williams, John C
Strong Wage and Jobs Growth Keeps Fed on Track for Big Rate Increase
A surprisingly robust June employment report reinforced that America’s labor market remains historically strong even as recession warnings reach a fever pitch. But that development, while good news for the Biden administration, is likely to keep the Federal Reserve on its aggressive path of interest rate increases as it tries to cool the economy and […]
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A Top Official Says the Fed Will ‘Grapple’ With a Faster Bond-Buying Taper
John C. Williams, president of the Federal Reserve Bank of New York, said the latest variant of the coronavirus could prolong the bottlenecks and shortages that have caused inflation to run hotter than expected, and is a risk Fed officials will assess as they “grapple” with how quickly to remove economic support. It is still […]
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