According to Federal Reserve Chairman Jerome Williams, on May 8th, the demand for U.S. Treasury securities remained strong despite the large scale of government borrowing. Williams stated that the Federal Reserve is "closely monitoring" the level of government borrowing but also pointed out that market demand for U.S. debt is "huge," and the United States continues to be viewed as the world's strongest economy and a safe haven for capital. He added that, given the energy shocks triggered by tensions in the Middle East, the U.S. economy has shown resilience, and the Federal Reserve remains committed to bringing inflation back to its 2% target.

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