San Fran Fed president says asset purchases are ‘effective tool’

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John Williams, president of the Federal Reserve Bank of San Francisco, spoke on July 12 about the Fed's response to challenges facing the US economy, suggesting that further asset purchases would have the greatest effect if additional action is required.

Delivering a speech to a meeting of community leaders in Portland, Oregon, Williams highlighted both positive and negative influences on the US economy. He emphasised that the economy was growing, unemployment had fallen over the past year and

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