More comments from near Fed Pres. Williams (voting member):
- Doesn’t see higher yields reflecting a big inflation view shift.
- Is not surprised bond yields have risen.
- Term premia factors are a big part of rising bond yields.
- No prediction on when balance sheet contraction will stop.
- Financial sector reserves still look abundant.
- Fed has no current plans for asset sales.
- Hard to know how Fed bond holdings are affecting yields.
- Reduced immigration will likely mean slower growth.
This article was written by Greg Michalowski at www.forexlive.com.
