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Federal Reserve's John Williams says ample reserves are a vibe, not a number
NY Fed President John Williams says ample reserves reflect money market conditions, not a fixed number, as the FOMC halts balance sheet runoff.
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Federal Reserve's Williams flags deep uncertainty over how far the balance sheet can shrink
New York Fed President John Williams says it's unclear how much the Fed's balance sheet can shrink, flagging nonlinear reserve demand and 2019 repo lessons.
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Federal Reserve's John Williams says ample reserves are a vibe, not a number
NY Fed President John Williams says ample reserves reflect money market conditions, not a fixed number, as the FOMC halts balance sheet runoff.