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Fed Presidents on QE Taper Talk Offensive

Last week the members of the Federal Reserve voted to continue their $85 billion quantitative easing (QE) bond buying program. Many had expected the Fed to begin to taper their purchases.

Immediately following the meeting St. Louis Fed President James Bullard claimed that if the data supported an improving economy, the Fed might taper QE in October. Following Bullard's comments, other Fed Presidents weighed in with conflicting messages as to what their intention are with respect to tapering QE.

Complete summary of the Fed Presidents' comments on when a taper of QE might happen