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JOHN WILLIAMS, PRESIDENT AND CEO OF FEDERAL RESERVE BANK OF NEW YORK AND CHAIR OF THE ECNY

REUTERS: NY Fed's Williams says tapering of asset purchases may soon be warranted

"It is clear there has been “substantial further progress” toward the Fed’s goal for inflation and there has also been “very good progress” toward maximum employment, Williams said in remarks delivered during a virtual event organized by the Economic Club of New York. He was referring to the threshold policymakers set for reducing the central bank’s bond purchases from the current pace of $120 billion a month."

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