Williams: Central banks need to be prepared for unexpected situations

ChainCatcher news, according to Jinshi reports, FOMC permanent voting member and New York Fed President Williams stated that unpredictable changes are inevitable, and central banks need to recognize this and develop strategies to cope with these environments. He emphasized that responding to uncertainty requires strong principles and strategies, while also noting that new situations will still need to be addressed. Williams also mentioned that previously unconventional strategies such as bond purchases have become a normal part of the toolbox, and stabilizing inflation expectations is crucial.