More from SF Fed’s Williams:
This is interesting, a specific number on what sort of jobs growth he wants to see:
- Wants to see over 200,000 jobs/mth for substantial improvement
- Proposes replacing Op Twist with expanded QE3 to asset buys continue at $85B/mth
- Says he is personally not sure whether to replace calendar date fwd guidance with threshold values for inflation and jobs as mentioned in FOMC minutes