July 5, 2016

ALL IT DID WAS RESTORE SOVEREIGNTY:

Fed's Williams says Brexit effect as expected, no big deal (Reuters, 7/05/16)

U.S. market reaction to Britain's vote to leave the European Union has played out "more or less" as expected, and the impact on the U.S. economy is much less than other that of other events in recent years, a top Federal Reserve official said on Tuesday.

"The economic effects, on the baseline scenario, are relatively modest, but there still is the uncertainty about how things are actually going to play out," San Francisco Federal Reserve President John Williams said in an interview Friday with Market Watch that was published Tuesday.

"I don't think it is nearly as big a deal as the euro crisis from 2011-2012," he said.

Posted by at July 5, 2016 7:11 PM

  

« GREATEST WAR EVER: | Main | UPPING THE ANTE: »