Fed's Williams: Operational Framework Has Proven Highly Effective
Dow Jones
6 hours ago
1217 ET - New York Fed President John Williams expressed his support for the central bank's current operational system, which relies on administered rates rather than active reserve management. "The combination of an ample supply of reserves and these tools enables the FOMC to maintain strong interest rate control and flexibility regarding changes in the size of the balance sheet," Williams said in New York this morning. "This operational framework has proven to be highly effective at delivering interest rate control and supporting the smooth functioning of core financial markets."
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