Fed's Williams touts need for more market data transparency

FILE PHOTO: John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, U.S., November 6, 2019. REUTERS/Carlo Allegri/File Photo

NEW YORK (Reuters) - Federal Reserve Bank of New York President John Williams said Thursday good data is key for market participants, central banks and regulators, and more should be done to increase its availability.

“Having access to an abundance of data is a wonderful problem to have,” Williams said. “It’s important that we continue to prioritize transparency and clarity in data, especially financial market data. This is particularly true in the age of AI, when the sources of data are harder to trace.”