Dallas Fed President Richard Fischer, talked yesterday about starting to cut central bank bond buying as early as September.
Chicago Fed President Charles Evans said today that the central bank could start tapering its $85 billion-a-month bond-buying program at its September policy meeting,
Mr. Lockhart told Market News International the Fed could start cutting back its bond-buying program at any of three remaining Federal Open Market Committee meetings this year.
The Chicago Fed's Mr. Evans' view that the Fed could decide to begin reducing its bond-buying program in September is significant because he is part of the activist wing of the Fed that has supported unconventional policies like bond buying, which aim to drive down borrowing costs in the hopes of spurring investment, spending and hiring.
Mr. Fisher and Mr. Lockhart aren't voting members of the Fed's decision-making committee, while Chicago's Mr. Evans is.
Source: WSJ
Chicago Fed President Charles Evans said today that the central bank could start tapering its $85 billion-a-month bond-buying program at its September policy meeting,
Mr. Lockhart told Market News International the Fed could start cutting back its bond-buying program at any of three remaining Federal Open Market Committee meetings this year.
The Chicago Fed's Mr. Evans' view that the Fed could decide to begin reducing its bond-buying program in September is significant because he is part of the activist wing of the Fed that has supported unconventional policies like bond buying, which aim to drive down borrowing costs in the hopes of spurring investment, spending and hiring.
Mr. Fisher and Mr. Lockhart aren't voting members of the Fed's decision-making committee, while Chicago's Mr. Evans is.
Source: WSJ
