New York Fed President John Williams said, “assuming the economy continues to improve as I anticipate, it could be appropriate to start reducing the pace of asset purchases this year.” He added, “I will be carefully assessing the incoming data on the labor market and what it means for the economic outlook, as well as assessing risks such as the effects of the delta variant.”
“I think it’s clear that we have made substantial further progress on achieving our inflation goal,” Williams said. “There has also been very good progress toward maximum employment, but I will want to see more improvement before I am ready to declare the test of substantial further progress being met.”
