Fed could taper bond buying when time is right: Lockhart
NEW YORK (Reuters) - The Federal Reserve could taper its bond buying, and could also selectively reduce purchases of either Treasury bonds or mortgage-backed securities, when the time finally comes, Atlanta Fed President Dennis Lockhart said on Thursday.
The U.S. central bank is currently buying $45 billion worth of Treasuries and an additional $40 billion of MBS per month under its quantitative easing program, dubbed QE3. It is meant to speed up the U.S. economic recovery.
- Malaysian PM says lost airliner was diverted deliberately |
- Malaysia PM says lost plane's movements indicate a deliberate act
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- UPDATE 2-Satellite data shows missing Malaysia plane may have flown thousands of miles-source
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data