Fed's Lockhart Sees QE Taper Talk On Table In December

wochit business
November 22, 2013 AT 4:23 AM
Debate over reducing the pace of the Federal Reserve's massive bond buying program will be "on the table" at its next policy meeting in December,the president of the Atlanta Federal Reserve said Friday.Dennis Lockhart, in an interview on CNBC, said he expected the Federal Open Market Committee, the central bank's policy-setting arm, to be debating when to begin cutting back on its program of $85 billion a month in bond purchases over the next several meetings. Lockhart, who will not be a voter on Fed policy matters until 2015, said he expects the exit from the program, known as quantitative easing, to be manageable once the time comes.