Time to "further action"
 
In a report published by the British "Financial Times" 23, San Francisco Fed President Williams said, unless you take "further action", otherwise the next 18 months will boost employment, lack of progress. This year, the U.S. unemployment rate has been hovering around 8.2%.
 
Williams this year holds the policy the right to vote. It is reported that the Fed's policy-making body - the Federal Open Market Committee (FOMC), Williams has been a heavyweight close to the core of power. The next FOMC meeting will end on August 1.
 
In testimony to Congress last week, Fed Chairman Ben Bernanke on the economy pessimistic about QE3 does not mention the degree of the disappointment of the financial market. However, Bernanke once again stressed that the Fed stood ready Fortunately, when necessary, to introduce more measures to stimulate economic growth.
 
Employment has been an important indicator of the Fed decision-making. Last week in testimony before Congress, Bernanke said that the United States slowed down the pace of employment growth, unemployment rate has remained above 8%, and the recent cooling of employment can not only use seasonal factors to explain, suggesting the economy may be facing some deep-seated problems.
 
Williams also warned that the U.S. economy faces "quite significant" downside risks, including the euro zone crisis, the U.S. financial cliff and the risk of global economic slowdown.
 
Williams said in an interview hinted that if the Federal Reserve launched a new round of quantitative easing policy, the purchase of mortgage-backed securities rather than U.S. Treasury bonds, the financial system will be more visible role.
 
The Fed pushed QE3 probability rose to 50%
 
By the debt crisis in Europe and the world to cool the economy and other factors, the U.S. economy growth slowed in the past few months. Friday, the U.S. will release the preliminary second quarter GDP growth data. Bloomberg's survey shows economists' average estimate for the second quarter, the U.S. economy grew only 1.4 percent, its lowest level since the second quarter of 2011.
 
Nomura's latest report, pointed out that the U.S. second quarter GDP, economic growth has dropped far below the level of underlying trends, which support the forecast of the line will be introduced for QE3. Nomura expects the second quarter U.S. GDP growth of only 1.2%. However, Nomura believes that the Fed may have to the meeting on September 12 to 13, to on QE3 to reach a consensus.
 
Thomson Reuters survey shows that the analyst has second consecutive month, down U.S. economic growth is expected, and that the increase in the probability of the Fed introduced QE3.
 
The survey shows that most analysts believe the U.S. economy is still expected to escape the second recession, but the respondents the median forecast of U.S. economic growth this year is only 2%. A similar survey conducted last month estimated value of 2.2%.
 
For the upcoming release of the second quarter data, the respondents expect the second quarter U.S. economic growth may fall to 1.8 percent, less than 2% is expected in June. Surveyed analysts believe that the Fed launched the third round of quantitative easing policy, the probability rose to 50% higher than last month estimated 45 percent, higher than 30% of the survey three months ago.



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