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The euro slid toward a six-week low before a report that will probably confirm inflation in the 17- nation region was the slowest in three years.
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Federal Reserve Bank of San Francisco President John Williams said it’s too early to begin slowing the pace of the central bank’s bond purchases, with the benefits outweighing the costs and risks of the record expansion of the Fed’s balance sheet.
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Federal Reserve Bank of St. Louis President James Bullard said the Fed is in no hurry to reduce its record bond buying with inflation running below its 2 percent target.
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Federal Reserve Bank of San Francisco President John Williams said central bank purchases of bonds will help spur U.S. economic growth to 2.5 percent next year and 3.5 percent in 2014 while not fueling inflation.
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Federal Reserve Bank of San Francisco President John Williams said the central bank may buy more than $600 billion in bonds by extending its third round of quantitative easing well into next year.
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Federal Reserve Bank of San Francisco President John Williams said the Fed will probably need to keep buying assets “well into” the second half of the year to combat unemployment that will decline only gradually.
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Maggie Humphrey, a price collector for the Bureau of Labor Statistics, visits the same grocery store every month in the Chicago suburbs to punch the cost of a pound of bananas into her Lenovo tablet computer.
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Federal Reserve Bank of San Francisco President John Williams said the central bank’s unprecedented bond buying may bring unintended consequences as it boosts economic growth without spurring inflation.
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Federal Reserve Bank of San Francisco President John Williams said the central bank’s bond- buying will be needed well into 2013, as he urged Fed policy makers to maintain “strong monetary stimulus” to foster economic expansion.
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Federal Reserve Bank of San Francisco President John Williams said the U.S. central bank must maintain “extraordinary vigilance” to see if the slowing economy requires additional monetary stimulus.