Two Regional Fed Presidents Call for Timetable for Tapering QE

Two Federal Reserve regional bank presidents who have disagreed on the need for additional easing said any decision to taper bond buying should be accompanied by a limit on the size of the program or a timetable for ending it.

“If and when the FOMC arrives at a decision to wind down asset purchases, it’s my view that it will be helpful to the transition process to provide as much certainty as possible about how this will be done,” said Atlanta Fed President Dennis Lockhart, referring to the Federal Open Market Committee, in a speech in Fort Lauderdale, Florida. He has backed record stimulus and won’t vote on policy until 2015.