Nothing one way or the other from Williams but tapering is definitely on the table:
- Still 100% on board with Bernanke’s timeline for trimming bond purchases
- Exactly which meeting tapering starts and by how much is a technical issue, not as important as overall framework
- Two biggest drags on US economy are fiscal policy and European risks
- Recent data is broadly consistent with forecast of gradual economic improvement
- Expects GDP to grow 3% next year
