Finance

Fed’s Williams say high market prices justified by economic growth and low rates

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New York Federal Reserve President John Williams said Friday that high prices for stocks and other assets are justified in light of a growing economy and low interest rate landscape.

With stocks pushing to new heights on valuations not seen in decades, and as corporate bond yields plunge, the central bank official said he’s not worried about current pricing.

“Market participants and investors around the world are looking ahead through this year and looking into an economy that hopefully have a pretty robust recovery and a strong expansion over the next several years, which would support stronger valuations,” Williams told CNBC’s Steve Liesman during an interview on “The Exchange.”

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Source cnbc.com

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