Fed’s Williams Backs Slowing Bond Buying Later This Year

Federal Reserve Bank of San Francisco President John Williams, who has backed record stimulus, said he favors a slowing in bond buying later this year as the U.S. economy shows signs of picking up.

Chairman Ben S. Bernanke “laid out a timetable for our securities purchases, which includes reducing them later this year and ending them around the middle of next year, assuming our forecasts for the economy hold true,” Williams, who doesn’t vote on policy this year, said in Portland, Oregon. “I view Chairman Bernanke’s timetable to still be the best course forward.”