U.S. Fed member: Taper possible in October

09/22/2013 | Bloomberg

The U.S. Federal Reserve's surprise move to maintain its $85 billion-a-month bond buying was a "borderline decision," said the president of the Federal Reserve Bank of St. Louis, James Bullard, adding that small reductions in the program might come as soon as next month. "It's possible you could get some data that change the complexion of the outlook and could make the committee be comfortable with a small taper in October," Bullard said.

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