Federal Reserve's Williams: Strong Demand for U.S. Treasuries

BlockBeats News, May 8th - New York Fed President Williams stated on Thursday that despite the government's massive borrowing, the demand for U.S. Treasuries remains strong. Williams said the Fed is closely monitoring the government's high borrowing levels. He noted that, although surprising, the market's demand for U.S. Treasuries is still "enormous," and the United States is still seen as the world's strongest economy and an ideal safe haven for capital, "even in the face of various geopolitical issues and other factors, this situation has not changed."

Williams also said that the U.S. economy has shown significant resilience amid the energy shock triggered by the Middle East war. He said that given the surge in energy prices, the "biggest issue" is how the situation will develop, and added that in response to persistent high inflation, the Fed will "ensure" and work to bring the inflation rate back to the 2% target level. (FXStreet)