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Fed Could Trim Bond-buying More Sharply In Future

wochit business
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January 04, 2014 AT 2:37 PM
The Federal Reserve could well consider cutting its bond-buying by more than a $10 billion monthly increment in the future, Philadelphia Fed President Charles Plosser said on Saturday. The U.S. central bank trimmed its quantitative easing program to $75 billion per month from $85 billion, at a much anticipated policy meeting last month, reducing its extraordinary support for the U.S. economy. But "if the economy continues to grow and strengthen I think that there's no reason why we shouldn't want to consider speeding the process up if we can," he said.