Fed’s Williams Says He’d Discount Bond Market’s Neutral-Rate Estimate
Federal Reserve Bank of New York President John Williams cautioned about model estimates of the US neutral interest rate, saying, “the bond market is suggesting much higher r-stars, but I...
By Bloomberg Markets · Bloomberg Markets
Federal Reserve Bank of New York President John Williams cautioned about model estimates of the US neutral interest rate, saying, “the bond market is suggesting much higher r-stars, but I would discount that a bit because they’ve tended not to be reliable.” Williams spoke Thursday during an event organized by Goethe University in Frankfurt, Germany. (Source: Bloomberg)