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MNI BRIEF: Williams Says Fed to Sustain Robust Support

(MNI)

New York Fed President John Williams said Wednesday the U.S. central bank will "provide strong monetary policy support for a robust and full recovery over the next couple of years."

The Fed will keep stimulating the economy despite Williams' own forecasts for strengthening growth this year. "I expect the pace of recovery later this year to be really quite rapid in terms of jobs, in terms of economic growth," he said.

MNI has reported Fed officials will continue to resist market pressures to clarify their guidance on when to start tapering bond buys.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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