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Fed's Williams says timing on cutting bond buys depends on data

Friday, 8 Nov 2013 | 5:47 PM ET

LOS ANGELES, Nov 8 (Reuters) - A top Federal Reserve official who earlier this year predicted the Fed would likely be done with bond-buying by the end of this year said on Friday he would not "get into" commenting on the timing of any decision to taper.

John Williams, president of the San Francisco Federal Reserve Bank, told reporters after a speech in Los Angeles that the Fed's decision to reduce its massive bond-buying stimulus will depend entirely on its view of the economy and the strength of the job market, both based on forecasts and on whether data meets those forecasts.

Asked whether the bond buys could be cut in December, he said, "What month it is, this is not really how I think about it."

(Reporting by Ann Saphir; Editing by Leslie Adler)