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'And pre-emptive' - "WILLIAMS SAYS FED WILL.....>

FED
FED: 'And pre-emptive' - "WILLIAMS SAYS FED WILL BE DATA DEPENDENT AND
PREEMPTIVE GOING FORWARD" -Reuters.
- Reads dovish, would be interesting to see full comments: echoes what Williams
said back pre-July cut on 'insurance', which was: "It's better to take
preventative measures than to wait for disaster to unfold... When you only have
so much stimulus at your disposal, it pays to act quickly to lower rates at the
first sign of economic distress."

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