Fed’s Williams Currently Sees No Need for More Asset Purchases
Federal Reserve Bank of San Francisco President John C. Williams said he doesn’t currently see the need for a new round of bond buying by the U.S. central bank.
“I’m not in favor of going into QE3 at this time,” Williams said, referring to a third round of so-called quantitative easing. “Right now, our policy is correctly calibrated,” he said today.
If the expansion flags, “then it’s natural to say we need to have more monetary stimulus in order to get us closer to our objectives,” he said.
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