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Fed's Williams sees some signs of credit tightening by regional banks

The Fed Last Updated: May 9, 2023 at 1:29 p.m. ET First Published: May 9, 2023 at 12:05 p.m. ET Financial conditions will be key for upcoming interest rate decisions with Fed on path to restoring low and stable inflation in the U.S. economy New York Federal Reserve President John Williams Rob Kim/Getty Images New

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The Fed

Financial conditions will be key for upcoming interest rate decisions with Fed on path to restoring low and stable inflation in the U.S. economy

New York Federal Reserve President John Williams

Rob Kim/Getty Images

New York Federal Reserve President John Williams said Tuesday he is seeing more signs of a further tightening of credit in the wake of the collapse of Silicon Valley Bank, but added it is hard tell how big a tightening it will be compared to other episodes.

“We’re seeing more signs —especially maybe in the regional banks or that kind of range of banks…of further tightening of credit,” Williams said, in a talk to the Economic Club of New York.

“Quantifying…

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