Fed district chief expects central bank's stimulus cuts to continue

Despite recent soft jobs data, John C. Williams, president of the Federal Reserve Bank of San Francisco, sees positive momentum in the economy and no need to stop tapering the Fed's stimulus program.WASHINGTON — Brutal winter weather contributed to a downturn in job growth and other economic data, raising questions about the strength of the recovery and testing the Federal Reserve's resolve in unwinding its key bond-buying stimulus program.