Federal Reserve Bank of New York President John Williams said Monday the time for the central bank to pull back on asset buying is coming up, but he indicated rate rises still lie well off.
“It’s clear that we have made substantial further progress on achieving our inflation goal” and “there has also been very good progress toward maximum employment,” Mr. Williams said in a virtual appearance. “Assuming the economy continues to improve as I anticipate, a moderation in the pace of asset purchases may soon be warranted.”
