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International Business Times
International Business Times
Business

Bond Yields Continue To Rise. New York Fed President Claims It's Because Of a Strong Economy.

John Williams, the chair of New York's Federal Reserve, said climbing treasury yields is a result of a strong economy, not market dysfunction. (Credit: Getty Images)

John Williams, the chair of New York's Federal Reserve, said climbing treasury yields is a result of a strong economy, not market dysfunction.

Speaking to CNBC, Williams claimed that the situation is driven "in large part" by "really a strong U.S. economy and a strong economic outlook fueled by big investments in AI and data centers and technology in general."

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