Provided by Dow Jones
Jul 13, 2021 4:16 AM UTC We set a very clear marker, I think, not a quantitative marker, but a very clear marker that we want substantial further progress [on job market improvement] relative to where we were during the period before the coronavirus pandemic took hold, Mr. Williams told reporters after a speech. That s where I m focused, clearly right now we have not achieved that, he said. China s Monetary Policy Slips a Gear Into Neutral China just trimmed the reserve requirement ratio for banks-one of its major monetary policy instruments-for the first time since the height of the pandemic. There is more: China s monthly lending data released Friday also showed economywide growth in debt and equity finance outstanding stabilizing at 11% year over year after months of sharp slowdowns, and bank lending ticking up. China s monetary policy has shifted from a tighter stance to neutral.