WASHINGTON — Recent news on the economy has been positive, even in the jobs market, and there is a renewed sense of optimism, but the economy clearly still needs “extraordinarily supportive” monetary policy, Federal Reserve Bank of San Francisco president John Williams said Thursday.

Williams stressed that the Fed’s policy guidance on keeping rates near zero through 2014 is not a commitment, and the central bank will begin to remove stimulus when the time comes and the situation changes.

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