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September 6, 2013

KC Fed president says it is time to slow Fed’s bond buying program

The Federal Reserve should cut its $85 billion of monthly bond purchases to near $70 billion when it meets later this month, Esther George said Friday in Omaha. Her remarks came ahead of the Fed’s Sept. 17-18 meeting at which policymakers are expected to debate whether to slow their yearlong bond purchases that are aimed at speeding the economic recovery.

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