Federal Reserve Bank of New York President John Williams said that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity.
In his remarks, Williams said that the banking sector stress that started last month and has resulted in extensive Fed emergency lending to banks seems to be cooling off.
“It is still too early to gauge the magnitude and duration of these effects, and I will be closely monitoring the evolution of credit conditions and their potential effects on the economy,” Williams said.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US arrests 2 for setting up Chinese 'secret police station' in New YorkThe US Department of Justice ramps up probes into what it calls 'transnational repression' by US adversaries such as China and Iran to intimidate political opponents living in the United States.
Read more »
Secret Chinese police station in New York leads to arrestsNEW YORK: Two men were arrested Monday on charges that they helped establish a secret police station in New York City on behalf of the Chinese government, and about three dozen officers with China's national police force were charged with using social media to harass dissidents inside the United States, authorities said Monday.
Read more »
US arrests two over Chinese 'police station' in New YorkUS authorities arrested two men for allegedly setting up a Chinese 'police station' in New York and charged dozens of Chinese security officials over a campaign to monitor and harass US-based dissidents. | via philstarlife
Read more »
US arrests two over Chinese 'police station' in New York NEW YORK, United States- US authorities arrested two men Monday for allegedly setting up a Chinese 'police station' in New York and charged dozens of Chinese security officials over a campaign to monitor and harass US-based dissidents.
Read more »
At least one dead, 5 injured in New York building collapseA four-story building collapsed in New York City’s lower Manhattan near Pace University, killing at least one worker and injuring five others who were in the structure, authorities said. /PDI
Read more »
At least one dead, 5 injured in New York building collapseA four-story parking facility collapsed in New York City's lower Manhattan near Pace University and the New York Stock Exchange on Tuesday, killing at least one worker and injuring five others who were inside the structure, authorities said. CDNDigital
Read more »