NEW YORK, Sept 24 An influential Federal Reserve
policymaker said he "certainty wouldn't want to rule out" a
reduction in the U.S. central bank's bond-buying program later
this year, adding the Fed expected slower economic growth now
than it did in June.
The decision "depends on the data," New York Fed President
William Dudley said in a Monday interview aired on CNBC Tuesday.
"The thing that we really want to emphasize is that it's driven
by data, not by time."
Dudley, a close ally of Fed Chairman Ben Bernanke, repeated,
however, that a plan that Bernanke articulated in June to wind
down the quantitative easing program remained "intact." The plan
was to reduce QE later this year and to end it by about mid-2014
as long as the economy keeps improving as expected.