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Lacker Says Fed to Weigh Further QE Taper at Coming Meetings

Federal Reserve policy makers will continue to weigh reductions to a bond-buying program aimed at stimulating growth because improvements in the job market are meeting the central bank’s objectives, Richmond Fed President Jeffrey Lacker said.

“We’ve seen a substantial improvement in a variety of indicators of labor market conditions, including the unemployment rate and the level of employment,” Lacker said today at a Maryland Bankers Association forum in Baltimore. “So it made sense to initiate the process of bringing the program to a close. I expect further reductions in the pace of purchases to be under consideration at upcoming meetings.”