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Williams: Inflation and employment risks are balancing out, leaning towards keeping interest rates unchanged
ME News update, April 3 (UTC+8): New York Fed Chair William Williams said that the inflation and employment risks stemming from rising energy prices have become “balanced,” and he is inclined to support keeping interest rates unchanged. Williams believes monetary policy is fully prepared to balance these risks, and said that losses in the private credit sector will not pose systemic risk, as policymakers are “closely monitoring” banks’ exposure to risk. (Source: ChainCatcher)