Fed's Lockhart says could taper faster if economy surprises

WASHINGTON Thu Jun 27, 2013 3:53pm EDT

Dennis Lockhart, President, Federal Reserve Bank of Atlanta, takes part in a panel discussion titled ''Twist and Shout: The Limits of U.S. Monetary Policy'' at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012. REUTERS/Danny Moloshok

Dennis Lockhart, President, Federal Reserve Bank of Atlanta, takes part in a panel discussion titled ''Twist and Shout: The Limits of U.S. Monetary Policy'' at the Milken Institute Global Conference in Beverly Hills, California May 1, 2012.

Credit: Reuters/Danny Moloshok

WASHINGTON (Reuters) - The Federal Reserve could consider pulling back on its bond-buying stimulus even earlier than expected if the U.S. economy grows more quickly than anticipated and the jobless rate falls rapidly, a top Fed official said on Thursday.

"I would be very open to considering then a faster reduction in purchases," Atlanta Federal Reserve Bank President Dennis Lockhart told reporters.

(Reporting by Pedro Nicolaci da Costa)

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