WASHINGTON (MarketWatch)
The progress on bringing down the unemployment rate
is now running at a snail's pace, said John Williams, the president of the San
Francisco Federal Reserve Bank, on Monday
In a speech to a bankers' convention
in Idaho, Williams said the Fed was facing a "sobering set of circumstances"
that requires "extraordinary vigilance" from policymakers
Williams trimmed his
growth forecasts for the next 18 months and said global financial market strains
raise the possibility that growth and progress on employment will be even slower
than expected
"In these circumstances, it is essential we provide sufficient
monetary accommodation to keep our economy moving towards our employment and
price stability mandates," he said
If further easing action is required, "the
most effective tool" would be another round of asset purchases, including agency
mortgage-backed securities
Williams said the Fed's decision to extend Operation
Twist until the end of the year is expected to only have "a relatively modest
impact" on the economy
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
lunes, 9 de julio de 2012
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