In a resounding endorsement of the Federal Open Market Committee moves earlier this month, San Francisco Federal Reserve Bank President John C. Williams said "they represent the best course to move us closer to" full employment, price stability and moderate interest rates.

While much discussion has focused on the high unemployment rate, "as it should," the Fed is watching inflation and is committed to price stability, Williams told the City Club of San Francisco, according to prepared text released by the Fed..

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