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Fed’s Williams Doesn’t See Benefit of Further Speeding Up Bond-Buying Taper
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Federal Reserve Bank of New York President John Williams said Friday that the central bank was unlikely to further accelerate the draw down of its bond-buying stimulus, while refraining from commenting on when the Fed may start boosting its short-term rate target.
“I don’t see there’s any real benefit to try to speed it up further” from its new pace, Mr. Williams said of the so-called Fed bond buying taper, in a CNBC interview. Mr. Williams spoke in the wake of the Fed decision on Wednesday to move more quickly to end its Treasury and mortgage purchases, likely ending them by March.
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