"The benefits of our asset purchases may be diminishing . they also may have some risks...

|By:, SA News Editor

"The benefits of our asset purchases may be diminishing ... they also may have some risks associated," says the Cleveland Fed's Sandra Pianalto (not a FOMC voter this year). She suggests the Fed could begin tapering asset purchases by year's end, but her prediction of 2.5% GDP growth doesn't seem to be enough to move the needle much on unemployment.