Sep. 2 at 5:12 PM
$ABR New York Federal Reserve President John Williams said Wednesday that the recent surge in Treasury yields is the product of a strong economy, not market dysfunction. The central bank policymaker added in a CNBC interview that he’s still absorbing economic data, and did not commit on whether he thinks an interest rate hike is necessary.
“I think that we have to wait and see,” CNBC, Sept 2.
