WASHINGTON (18/10) - MarketWatch - It is still too soon for the Federal Reserve to reduce the pace of its asset purchase program, said Charles Evans, the president of the Chicago Fed, on Thursday.
'The data are still not definitive enough to say that now is time to adjust the QE3 flow purchase rate,' Evans said in a speech to a real estate conference in Madison,Wis.
Evans said it is not possible to predict the timing of changes to the asset purchase program because it depends on the progress the economy makes.
Evans said he would personally like to see 'more steady, solid growth' in GDP data to be confident in the enduring strength of the labor market.
Evans is a voting member of the Fed's policy-making committee this year. He is one of the leading supporters of the asset purchase program at the central bank.
http://www.marketwatch.com/story/feds-evans-says-still-too-soon-to-taper-2013-10-17
'The data are still not definitive enough to say that now is time to adjust the QE3 flow purchase rate,' Evans said in a speech to a real estate conference in Madison,Wis.Evans said it is not possible to predict the timing of changes to the asset purchase program because it depends on the progress the economy makes.
Evans said he would personally like to see 'more steady, solid growth' in GDP data to be confident in the enduring strength of the labor market.
Evans is a voting member of the Fed's policy-making committee this year. He is one of the leading supporters of the asset purchase program at the central bank.
http://www.marketwatch.com/story/feds-evans-says-still-too-soon-to-taper-2013-10-17
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