New York Fed President John Williams says sluggish inflation is one of the central bank's most pressing issues
The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.
Gold prices jumped 1% on Friday to their highest levels since April 2018 as a sharp slowdown in U.S. jobs growth sent the dollar lower on growing expectations that the Federal Reserve would cut interest rates this year.
The Fed's John Williams says the yield inversion is just "telling us that there's heightened concerns about the risks on the outlook."
The comments come amid rampant speculation about the Fed's next move, but Williams did not address monetary policy in specifics.
Debt yields reversed an earlier decline and climbed higher after a report said that the White House is considering delaying Mexico tariffs.
The dollar slipped against a basket of currencies on Friday as traders focused on the weaker aspects in the April U.S. payrolls report, brushing aside stronger-than-forecast hiring and a drop in the jobless rate to the lowest in more than 49 years.
Higher trade tariffs have had a "relatively small" effect on the economy so far but they have hurt confidence and some business investments, Federal Reserve Bank of New York President John Williams said on Thursday.
Mary Daly was named the San Francisco Fed's president, succeeding John Williams, who departed in June to lead the New York Fed.
Federal Reserve Chair Jerome Powell's top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months.
San Francisco Fed President John Williams says he's comfortable with inflation going modestly above 2 percent for a while.
San Francisco Fed President Williams is leading candidate to become next President of the New York Fed, sources said.
The Federal Reserve will stick to its plan for "steady, gradual" interest-rate increases, a Fed policymaker said.
San Francisco Fed President John Williams said the economy is growing strongly enough to continue raising rates gradually to around 2.5 percent.
Chicago Fed President Charles Evans became the second Fed policymaker in recent days to call for a new approach to rate-setting.
Gold bounced up from a two-month low on Friday as the dollar fell from its highest in more than seven weeks.
Market watchers expect as many as 125,000 jobs may have been wiped from the September nonfarm payroll due to Hurricanes Harvey and Irma.
U.S. government debt yields were slightly higher after the House of Representatives approved a budget, the first step toward tax reform.