San Francisco Fed president predicts mid-year asset purchase slowdown

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The Federal Reserve could end its asset purchase programme later this year when evidence of a "sustained, ongoing improvement" in the labour market and economy surfaces, according to John Williams, the Federal Reserve Bank of San Francisco president.

Williams told an audience in Los Angeles that he was hopeful the economy had "finally shifted into higher gear", and forecast growth of 2.5% in 2013 and 3.25% in 2014.

For the time being, he believes the benefits of the Fed's asset purchases will

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