Breaking

Williams, New York Fed President: "U.S. Foreign Reserves Still Sufficient"

Uk Jin

Summary

John Williams, President of the New York Federal Reserve, stated that the U.S. foreign reserves level is still sufficient.
He emphasized that foreign reserves act as a buffer against major shocks.
He mentioned that the April tariff incident demonstrated market dysfunction.

According to Jinshi News on the 28th (Korea time), John Williams, President of the New York Federal Reserve, stated that "the level of U.S. foreign reserves is still sufficient" and emphasized the need to have foreign reserves that can act as a buffer in the face of major shocks.

He also added that "the tariff incident in April showed a market dysfunction."