US must prepare treasury markets for future shocks – Fed’s Williams
The United States needs to do more to ensure that treasure markets are able to endure the “unforeseeable and unpredictable” challenges that may come in the future, Federal Reserve Bank of New York President John Williams said on Wednesday.
The actions which the coronavirus pandemic made necessary served as proof that the markets are not “nearly as resilient” as they ought to be, he added during a virtual conference.
“Severe disruptions to critical financial markets like we saw last spring should be rare,” Williams concluded.
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