- Concerned markets aren't getting the message the taper and end of QE does not mean the Fed is ready to boost the Fed Funds rate, San Francisco Fed chief John Williams says he would support revising FOMC guidance.
- "My view would be that we would not be raising the funds rate even if the unemployment rate was below 6.5%, as long as inflation continued to be low, for some time ... I would get our communication around this post-6.5%, the sooner the better."
- Williams will not be a voter on the FOMC until 2015 (he will be an alternate next year), but is seen as a close ally to incoming chair Janet Yellen.
Williams suggests Fed Funds rate lower for longer
Dec 4 2013, 08:00 ET