Fed's Williams says no significant move out of US assets seen so far, monetary policy in good place
NEW YORK, May 19 (Reuters) - New York Federal Reserve President John Williams acknowledged on Monday that investors are taking a look at how they invest in U.S. assets while noting he's seen no large-scale move away, and added that the U.S. central bank can take its time before deciding its next interest rate move.
Flagging signs of "rumors or concerns" about the state of U.S. dollar assets amid big government policy changes and large levels of uncertainty, Williams told a Mortgage Bankers Association conference in New York that "we're not seeing major changes" in how foreign money flows into the Treasury bond market, although there have been some price effects related to those shifting preferences.
Williams said even with rising yields related to this situation, government bond yields have been mostly range-bound. He also said when it comes to "core" fixed income markets like the Treasury market, the sector has been "functioning very well."
The New York Fed chief also said "the economy is doing very well" at the moment amid lots of uncertainty and some signs in recent data that there could be trouble ahead. Fed interest rate policy is slightly restrictive of growth and is "well positioned" for what lies ahead, he said.
"It's going to take some time to get a clear view" on how the economy is faring given all the government policy shifts and "we can take our time" to figure out where interest rate policy stands. He said clarity on the impact of things like the surge in import tariffs implemented by the Trump administration will not come quickly.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BBC News
43 minutes ago
- BBC News
Kerr gains revenge at latest Grand Slam Track meet
Great Britain's Josh Kerr avenged his Olympic 1500m defeat by Cole Hocker in a thrilling battle in Sunday's Grand Slam Track surged past Kerr, 27, to claim a shock victory and Olympic gold in Paris last it was Kerr's turn to produce a decisive finish in Philadelphia, storming past the American in the final few metres to win by seven-hundredths of a claimed victory in a season's best time of three minutes 34.44 a fifth-placed finish in the 800m on Saturday, Kerr missed out on the top prize of $100,000 (£74,000) for the short distance group by just one point to Canada's Marco Arop, who won the the women's 100m, US sprinter Melissa Jefferson-Wooden clocked a world-leading time as she stormed to an emphatic Olympic bronze medallist, 24, claimed victory in a personal best 10.73secs, making her the 10th fastest woman to run the distance, tied with France's Christine Arron."It means everything, I've been working so hard for this," said Jefferson-Wooden, who also won the 200m on Saturday. "It's just all coming together."Compatriot Tamari Davis placed second in 11.03secs, with Great Britain's Dina Asher-Smith fifth in 11.16secs. GB's Matthew Hudson-Smith clinched the top prize for the men's long sprints group for the second time in three winning the 400m in 44.51 on Saturday, the 30-year-old's fifth-place finish in the 200m was enough to claim another Grand Slam title, having secured the first in Kingston, Slam Track is a new competition created by Michael Johnson which aims to bring the world's fastest athletes together to compete for lucrative events were scheduled for the opening series and the final meet will be in Los Angeles from 27-29 June.
Reuters
44 minutes ago
- Reuters
Indivior to delist from London Stock Exchange, maintain Nasdaq listing
June 2 (Reuters) - Pharma firm Indivior (INDV.L), opens new tab said on Monday it will cancel its secondary listing on the London Stock Exchange, effective July 25, maintaining its primary listing on the Nasdaq to reduce costs and better align with its U.S.-centric business. The company, known for its opioid addiction treatment, joins a growing number of companies delisting from London, as lower valuations and weak investor appetite continue to drive firms toward U.S. markets. Shares of Indivior, which floated in London in late 2014, have dropped more than 60% from record highs hit in June 2018. The company said over 80% of its revenue now comes from the U.S., with the Nasdaq (NDAQ.O), opens new tab accounting for about 75% of recent trading volumes. The delisting aims to streamline operations and reflect the company's strategic focus on the U.S. market, it said. Indivior moved its primary listing to the United States last year. The decision to delist from London comes just months after Indivior overhauled its management. Earlier this year, it appointed David Wheadon as chair and Joe Ciaffoni as CEO.
The Guardian
an hour ago
- The Guardian
China accuses US of ‘seriously violating' trade war truce
Update: Date: 2025-06-02T06:36:56.000Z Title: Introduction: China accuses US of 'seriously violating' trade truce Content: Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Trade war tensions are on the rise again, as relations between China and the US deteriorate. Beijing has hit back this morning against Washington, accusing the US of 'seriously violating' the trade truce which the two powers agreed in Zurich last month. China's commerce ministry also promised to take forceful measures to safeguard its interests, rejecting a claim from Donald Trump last week that China has 'totally violated' its trade agreement with the US. In a statement, the ministry said: 'The U.S. government has unilaterally and repeatedly provoked new economic and trade frictions, exacerbating uncertainty and instability in bilateral economic and trade relations.' Beijing accused the US of unilaterally introducing new discriminatory restrictions, including new guidelines on AI chip export controls, curbs on chip design software sales to China and the revocation of Chinese student visas, Bloomberg reports. Stock markets across the Asia-Pacific region have dropped today, as investors fret that the détente between the two sides is fraying. Last Friday, the US president – perhaps stung by jibes that Trump Always Chickens Out – declared that China 'HAS TOTALLY VIOLATED ITS AGREEMENT WITH US.', raising fears that the trade war will continue to rattle the global economy. This latest uncertainty is hurting the US dollar. It has slipped against a basket of currencies, with the pound up almost half a cent at $1.35, and the euro gaining a third of a cent to $1.138. The legality of Trump's trade war was also thown into doubt last week, when a US federal court ruled that his 'liberation day' tariff plan is illegal, only for a federal appeals court to temporarily reinstate the tariffs while the case progresses. 9am BST: Eurozone manufacturing PMI for May 9.30am BST: UK manufacturing PMI for May 9.30am BST: Bank of England mortgage approvals and credit conditions data 3pm BST: US manufacturing PMI for May
