Monday
Jun022014
US Expected to Withdraw QE by End 2014: Chicago Fed President Charles Evans
Monday, June 2, 2014 at 07:40PM 
The US Federal Reserve is expected to entirely withdraw its massive monthly bond-buying stimulus programme by the end of 2014, Chicago Fed President Charles Evans has said.
Evans, speaking at a conference in Istanbul, also said the Fed's 2% inflation target should not be seen as a ceiling and that the target could be higher.
"The expectation is that tapering will be completed by the end of this year," Evans said, reported Reuters.
The world's most powerful bank on 30 April announced a fourth $10bn (£5.9bn, €7.3bn) reduction in quantitative easing (QE), trimming its monthly asset purchases to $45bn a month.
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