John Williams: Fed Looking For 'Stronger, Sustained Improvement In The Labor Market'

'We Need To See Stronger, Sustained Improvement In The Labor Market'
SEOUL, SOUTH KOREA - JUNE 16: John Williams, Senior Vice President of Federal Reserve Bank of San Francisco attends The Bank of Korea International Conference 2006; Monetary Policy in an Environment of Low Inflation at the Westin Chosun Hotel on June 16, 2006 in Seoul, South Korea. Some 200 Central bank officials, business leaders and Professors from 31 countries attend the two-day international forum for discussion and exchange a diversity of opinions about economic issues. (Photo by Chung Sung-Jun/Getty Images)
SEOUL, SOUTH KOREA - JUNE 16: John Williams, Senior Vice President of Federal Reserve Bank of San Francisco attends The Bank of Korea International Conference 2006; Monetary Policy in an Environment of Low Inflation at the Westin Chosun Hotel on June 16, 2006 in Seoul, South Korea. Some 200 Central bank officials, business leaders and Professors from 31 countries attend the two-day international forum for discussion and exchange a diversity of opinions about economic issues. (Photo by Chung Sung-Jun/Getty Images)

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)

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