Fed's Williams says monetary policy getting traction

SAN FRANCISCO Wed Nov 14, 2012 10:12pm EST

SAN FRANCISCO (Reuters) - The U.S. Federal Reserve's super-easy monetary policy is getting more traction this year than a year ago, a top Fed official said on Wednesday.

Pointing to improvements in the housing sector, San Francisco Fed President John Williams told an audience at the University of San Francisco that he's more "optimistic" that the Fed's program quantitative easing is helping the economy, rather than delivering diminishing returns as some critics have charged.

The Fed's asset purchases are still "mainly having the positive effects we want," he said.

(Reporting by Ann Saphir; Editing by Eric Walsh)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.