Fed Presidents Signal No Urgency to Expand Bond Purchases Soon

Three Federal Reserve district bank presidents expressed little need to expand $600 billion in bond purchases any time soon, while differing over whether to end the central bank’s record stimulus early.

Dallas Fed President Richard W. Fisher said yesterday he may vote to end the bond buying before the planned end in June if he deems it to be “counterproductive.” Atlanta Fed President Dennis Lockhart said he’s “very cautious” about additional purchases, while not ruling out the possibility. Charles Evans, president of the Chicago Fed, told CNBC he believes the hurdle for altering the plan is “pretty high.”