By: Jamie Coleman
So he says, to his home town paper.. As recently as May, Williams was saying he was not in favor of QE3. By June, he appeared to be leaning toward it. In an interview with the Financial Times in late July, he said that unless "further action" were taken, there would be a lack of progress toward employment, but stopped short of calling directly for a Fed move because of uncertainty surrounding the costs and benefits of a stimulus. This week, he is for it. "It seems like if we have the tools to move us faster toward our goals, we should use them," he said in the interview. Williams called QE3 "a very big step. ... The hurdle to taking this step is relatively high. In my view, we have reached that hurdle."
So he says, to his home town paper.. As recently as May, Williams was saying he was not in favor of QE3. By June, he appeared to be leaning toward it. In an interview with the Financial Times in late July, he said that unless "further action" were taken, there would be a lack of progress toward employment, but stopped short of calling directly for a Fed move because of uncertainty surrounding the costs and benefits of a stimulus. This week, he is for it. "It seems like if we have the tools to move us faster toward our goals, we should use them," he said in the interview. Williams called QE3 "a very big step. ... The hurdle to taking this step is relatively high. In my view, we have reached that hurdle."
