Fed Williams: Limited policy space will result in a slow recovery
5/14/2019 7:26:19 AM
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New York Fed President, John Williams, speaking at the Swiss National Bank-International Monetary Fund Conference in Zurich was noted saying that lowe

New York Fed President, John Williams, speaking at the Swiss National Bank-International Monetary Fund Conference in Zurich was noted saying that lower neutral rates would require new policy approaches as this would mean slower global recovery and inflation running below target.

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Additional quotes:

Additional quotes:

   •  Sees no reason to expect neutral rates to revert higher in the foreseeable future.
   •  Rate-cut space in the event of future downturns will be limited.
   •  Says that investors view low inflation globally as a new normal.
   •  Economic resilience can be improved by fiscal policies.

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