Federal Reserve’s “Number Three”: U.S. Treasury Demand Remains Strong

Williams stated at an event held in Newburgh, New York, that the Federal Reserve is "watching very closely" the extremely high levels of government borrowing. He pointed out that although this may come as a surprise, demand for US government debt issuance remains "tremendous." He said, "The US is still regarded as the world's strongest economy" and the ideal place to park funds, "and this has not changed even in the face of various geopolitical issues."