Williams Says Fed Should Keep U.S. Monetary Throttle Wide Open

Federal Reserve Bank of San Francisco President John Williams said the U.S. central bank should keep trying to boost growth because it’s missing its goals for employment and price stability, while stopping short of calling for more asset purchases for now.

“I’m sticking with my story that economic growth won’t be that strong,” Williams told reporters yesterday after delivering a speech in Claremont, California. “Going forward, it’s about weighing the costs and benefits of doing more,” he said, adding that he’s looking “at the broad picture for what the outlook on the economy is” instead of a specific threshold that would signal that more easing was unnecessary.