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Fed member: Bond buys likely to slow later in year

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WASHINGTON (AP) — A Federal Reserve voting member said Tuesday the central bank is "quite likely" to start reducing its bond purchases later this year but that any change hinges on the economy showing improvement. Charles Evans, president of the Fed's Chicago regional bank, held off saying which month the Fed could begin to scale back its $85 billion a month in bond purchases. But he did not...

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