The U.S. Federal Reserve will probably reduce its massive bond-buying stimulus program later this year, and depending on the economic data could do so as early as next month, a top Fed official who is typically among the most dovish policymakers said on Tuesday.
“We are quite likely to reduce the flow of purchases rate starting later this year—I couldn’t tell you exactly which month that will be—and it’s likely to wind down over time in a couple or few stages,” Charles Evans, president of the Chicago Federal Reserve Bank, told reporters at the regional Fed bank’s headquarters.
Asked if he would rule out starting the cutbacks next month, Evans said he “clearly” would not, becoming the third Fed official in two days to suggest a September pullback is on the table.
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