Fed needs 'couple of meetings' before cutting QE3: Evans

(Reuters) – The Federal Reserve will likely defer any decision to trim its massive bond buys until at least December, two top Fed officials suggested on Thursday, although a third Fed policymaker made no bones about her view that she opposes any such delay.

A budget battle in Washington that shut government offices for 16 days and brought the United States to the brink of default has injected uncertainty into the economy’s growth trajectory.

“We need more information about how the economy is proceeding, how we are going to weather the most recent government shutdown,” Chicago Fed President Charles Evans said in Madison, Wisconsin. “I think the most likely outcome is one where we continue to go for a couple of meetings to assess this.”  Read more

Categories: Economics, United States

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