LOS ANGELES -- Robert Parry, president of the Federal Reserve Bank of San Francisco, said another easing by the Federal Reserve could not be ruled out given recent slow economic growth and expectations of continued sluggishness.

But while the Fed will do what it can to sustain a recovery, it also will be careful to "preserve and advance hard-won gains against inflation," Mr. Parry said in a speech to a business group last week.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.