September 7, 2011 / 9:42 PM / 8 years ago

Fed's Williams sees room for more easing

SEATTLE (Reuters) - The Federal Reserve should consider further easing to help offset a slowing economy and high unemployment, a top Federal Reserve official suggested said on Wednesday.

“There’s still considerable room for monetary accommodation to improve financial conditions,” San Francisco Federal Reserve Bank President John Williams told reporters after a speech to the Rotary Club of Seattle. “My main concern is really not the concern that inflation is going to be too high over the medium term. I think my main concern really is the pace of recovery and the high degree of unemployment.”

“If anything more monetary accommodation seems appropriate than not,” he added.

Reporting by Ann Saphir, Editing by Chizu Nomiyama

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