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Wednesday, November 29, 2023

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

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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.



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