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Fed’s Lacker Sees Continued Reduction in Bond Purchases

Wall Street Journal (02/04/14) Ben Leubsdorf

The U.S. Federal Reserve likely will continue slowing its bond-buying program in the coming months, according to Jeffrey Lacker, president of the Federal Reserve Bank of Richmond. The central bank’s Federal Open Market Committee agreed in January to cut back bond-buying by $10 billion, after a cut of $10 billion in December. Lacker expects economic growth this year of approximately 2%.