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Friday, August 31, 2012

SF Fed's Williams prefers open-end purchases - MarketWatch

SF Fed's Williams prefers open-end purchases - MarketWatch

 San Francisco Fed President John Williams said he prefers open-end purchases as a way for the central bank to ease further. Without further action, he said the U.S. economy will grow around 2% for this year and next. In an interview with CNBC from Jackson Hole, the Federal Open Market Committee voter also said he'd like to move away from calendar-date focused communication but cautioned against focusing on only one number.

Gentlemen prefer bonds.

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