Federal Reserve Bank of Chicago President Charles Evans said he expects the Fed to complete its plan to purchase $600 billion in U.S. Treasuries through June.
“It could be that $600 billion is just about the right number,” Evans said to reporters before a speech in Columbia, South Carolina. “I won’t be surprised if that in fact is the decision. I still think it is a high hurdle to stop short of $600 billion. So far I haven’t seen it.”
The Fed’s policy committee said March 15 that the U.S. economic recovery “is on a firmer footing,” while the labor market is “improving gradually.” Policy makers reiterated their intent to buy bonds through June to bolster growth and reduce unemployment.