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Williams Says Fed May Pare Bond Buying in Next Few Months

Federal Reserve Bank of San Francisco President John Williams said quickening economic growth and gains in the job market may prompt the Fed in the next few months to start reducing its $85 billion in monthly bond-buying.

“It’s clear that the labor market has improved since September” when the Fed began its third round of asset purchases, Williams said yesterday in a speech in Portland, Oregon. “We could reduce somewhat the pace of our securities purchases, perhaps as early as this summer” and end the program late this year “if all goes as hoped.”