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Friday, Sep 27
Evans: Taper could come next month ... or maybe next year
- How's this for forward guidance: Leading Fed dove Charles Evans says there's a chance the taper begins in October, but he wouldn't be surprised if it didn't. It might just as easily begin in December or next year, he adds. He personally would like to have more confidence in GDP growth before initiating the taper, and said he voted against a September move because of the labor market outlook and the lack of robust growth.
- His comments come from a speech and interview in Norway today.