Federal Reserve

Fed's Bond-Buying May Extend into Late 2013

Sluggish growth expected for year

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The Fed's bond-buying program is likely to be needed well into the second half of 2013, said John Williams, the president of the San Francisco Federal Reserve Bank, on Monday.

In a speech to a semiconductor trade group meeting south of San Francisco, Williams said the Fed "will be looking for convincing signs of ongoing improvement in the labor market and a range of other economic indicators before we stop this program."

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