Fed’s Williams sees balance sheet as future policy tool

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San Francisco Federal Reserve Bank President John Williams on Saturday reiterated his view that the U.S. central bank should begin trimming its massive balance sheet later this year, in part so the Fed has more tools at the ready when the next recession hits. The program, also used by central banks in Europe and Japan, was deeply unpopular among U.S. lawmakers especially in the majority Republican Party who said it encourages reckless government spending and does not work. Fed Chair Janet Yellen has been a big supporter of so-called quantitative easing.

May 07, 2017 at 08:53PM

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