Connect to share and comment

Fed's Lockhart says could taper faster if economy surprises

PlacardEnlarge
(Globalpost/GlobalPost)

WASHINGTON (Reuters) - The Federal Reserve could consider pulling back on its bond-buying stimulus even earlier than expected if the U.S. economy grows more quickly than anticipated and the jobless rate falls rapidly, a top Fed official said on Thursday.

"I would be very open to considering then a faster reduction in purchases," Atlanta Federal Reserve Bank President Dennis Lockhart told reporters.

(Reporting by Pedro Nicolaci da Costa)

http://www.globalpost.com/dispatch/news/thomson-reuters/130627/feds-lockhart-says-could-taper-faster-if-economy-surprises