"The hurdle to (QE3) is relatively high," says San Francisco Fed President Williams, "In my...

|By:, SA News Editor

"The hurdle to (QE3) is relatively high," says San Francisco Fed President Williams, "In my view, we have reached that hurdle." Williams has always aligned with the dovish clique on the FOMC, but his comments signal a clear shift in his thinking since May when he said he was not in favor of further action.