Fed NY President Williams speaking
- fundamentals of US economy remain strong
- coronavirus will have near-term effects on the global economy
- central banks have an important role to play in addressing economic effects of the virus
- NY Fed will ensure supply of reserves remains ample
- Fed remains flexible and ready to make adjustments to ensure monetary policy is effectively implemented
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Also a heads up on China's 10-year government bond trading today, yield has fallen to its lowest since 2002
