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SAN FRANCISCO, Oct 15 (Reuters) – The U.S. Federal Reserve
is looking for a steeper decline and stronger economic growth
before it will stop its latest bond-buying program, a top Fed
official said on Monday.
“We need to see stronger, sustained improvement in the labor
market, moving us down a sharper kind of curve in terms of
unemployment,” San Francisco Fed President John Williams said.
The Fed is also looking for faster GDP growth and the creation
of more jobs, he said.
(Reporting by Ann Saphir; Editing by Sandra Maler)
