Williams Says Fed Must ‘Stand Ready to Do Even More’

Federal Reserve Bank of San Francisco President John Williams said the central bank should be ready to step up stimulus in case economic growth slows and threatens to delay improvement in the job market.

The Fed must “stand ready to do even more if needed to best achieve our statutory goals of maximum employment and price stability,” Williams said today in a speech in Bellevue, Washington. If growth were to worsen or the inflation outlook fall below the Fed’s goal of 2 percent, “additional monetary accommodation would be warranted.”