Williams Says Fed Should Extend Bond Purchases Into 2013
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Federal Reserve Bank of San Francisco President John Williams said the central bank should extend its program of bond purchases into next year by buying both mortgage-backed securities and Treasuries.
“We should continue the MBS purchases into next year and continue the Treasury purchases,” Williams said to reporters today after a speech in Salt Lake City. “I haven’t seen the kind of improvement in labor-market conditions that would call for ending the MBS purchases.”