美联储威廉姆斯：预计很快启动债券购买

Core Viewpoint - The Federal Reserve, represented by Williams, has decided to halt the reduction of its bond holdings and may soon need to expand its balance sheet through asset purchases [1] Group 1: Federal Reserve's Strategy - Williams indicated that the next step in the balance sheet strategy will involve assessing when reserve levels transition from "slightly above adequate" to "adequate" [1] - He mentioned that once this transition occurs, a gradual asset purchase process should be initiated [1] - Analysts anticipate that the Federal Reserve may begin expanding its asset size through bond purchases in the first quarter of next year [1] Group 2: Market Indicators and Monitoring - Williams is closely monitoring various market indicators related to the federal funds market, repo market, and payment systems to evaluate reserve demand conditions [1] - He warned that using bond purchases to maintain appropriate liquidity should not be viewed as a stimulus measure [1]