Federal Reserve's Williams: Demand for U.S. debt remains strong

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ME News Report, May 10 (UTC+8), New York Federal Reserve Chair Williams stated on Thursday that despite the large scale of government borrowing, demand for U.S. Treasuries remains strong. Williams said the Federal Reserve is “closely monitoring” the government’s extremely high borrowing levels. He pointed out that, although it may be surprising, market demand for U.S. Treasuries is still “huge,” and “the United States is still regarded as the world’s most powerful 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 amid the energy shocks caused by the Middle East war, the U.S. economy has shown considerable resilience. He stated that, given the surge in energy prices, the “biggest question” is how the situation will develop, and added that, for the still elevated inflation, the Federal Reserve will “ensure” and is committed to bringing inflation back down to the 2% target level. (Source: Jin10)

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