WASHINGTON: US Federal Reserve officials are nearing an agreement to begin tapering its asset purchase program in about three months and end the program by the middle of next year, local media reported.
A recent run of strong US hiring reports have strengthened the case for the Fed to announce at its next meeting in September its intentions to start tapering, potentially as soon as its following meeting in November, Xinhua news agency quoted The Wall Street Journal as saying on Monday.
Boston Federal Reserve Bank President Eric Rosengren told the newspaper that he expected to see enough job growth to meet the criteria for reducing asset purchases by the Fed's September 21-22 meeting. (IANS)
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