Wall Street Journal (10/20/14) Jon Hilsenrath; Pedro Nicolaci da Costa

The U.S. Federal Reserve plans to stay the course as it prepares for the next policy meeting, despite current market volatility and uncertainties about the global economic outlook. The central bank’s bond-buying program is likely to end on schedule as officials hold their Oct. 28-29 meeting, and officials likely will debate whether they need to fine-tune the central bank’s assessment of the labor market and its guidance on interest rates.

San Francisco Fed President John Williams indicated that he expects the economy to grow at a 3% annual rate in the second half of the year and into 2015, with the jobless rate continuing to fall and inflation gradually rising to the Fed’s 2% goal.