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Fed’s Evans: Taper may be delayed until early 2014
There is a chance that the Federal Reserve will not move to scale back its bond-buying program until early 2014, a key central bank official suggested Friday. Charles Evans, president of the Chicago Federal Reserve Bank, told reporters after a speech in Oslo that there is “a decent chance” central bankers would have enough confidence in a strong economy to begin to pull back, or taper, bond buys at one of two remaining meetings this year: in late October or December. “But it also could be at the January meeting,” Evans said, according to The Wall Street Journal. Gold prices quickly jumped and the dollar fell ... (full story)
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