Fed can no longer ‘wait and see’, says Williams
Waiting to unwind the balance sheet could “overheat the economy”, says San Fran president
The president of the Federal Reserve Bank of San Francisco has warned that should the Federal Open Market Committee “delay too long” in removing monetary stimulus put in place during the recession, there is a risk the economy could overheat.
“At some point, that would put us in the position of having to quickly reverse course to slow the economy. That risks stalling the expansion and setting us back into recession,” John Williams says.
For Williams, the US economy has “fully recovered”, and he
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