Correction to Fed's Williams Libor Article

Date : 07/15/2019 @ 6:42PM
Source : Dow Jones News

Correction to Fed's Williams Libor Article

New York Fed President John Williams said one issue with moving to the Secured Overnight Financing Rate for some firms is that it doesn't offer longer-term rates given that it is focused on overnight borrowing costs. "Fed's Williams Calls for More Urgency in Replacing Libor -- Update," at 10:06 a.m. EDT, incorrectly stated Mr. Williams said one issue with moving to Libor is that it doesn't offer longer-term rates in the sixth paragraph. (July 15, 2019)

 

(END) Dow Jones Newswires

July 15, 2019 13:27 ET (17:27 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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