Monetary policy accommodation will end at some point, but not soon, since the economy is “still fragile,” Federal Reserve Bank of San Francisco president John C. Williams said Friday

Noting that inflation is expected to remain in line with targets for the next few years, and progress is being made on “the employment part of our mandate,” Williams said, “we have a long way to go,” according to a prepared text of his speech to the California Bankers Association released by the Fed.

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