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Drifting lower

(MNI)

New York Fed President John Williams said Wednesday the central bank's asset purchases are already at high levels.

"As everyone knows but gets lost in these questions, is we are currently purchasing extremely high levels of assets already." The economy is recovering and also still needs some targeted fiscal support, the New York Fed chief said in a Stanford University event.

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com