SF Fed says mortgage market reforms can aid monetary policy

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John Williams, president of the San Francisco Federal Reserve, on Friday said monetary policy in the US can not effectively contribute to the economy unless it is complemented with prudent fiscal policies.

At the Central Bank of Chile's Fourth Summit Meeting of Central Banks on Inflation Targeting Santiago, Chile, Williams said: "The Fed has been very aggressive in using monetary policy to lower interest rates to stimulate the economy. These policies have been effective at improving financial

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