Last updated: September 06. 2013 3:41PM - 624 Views
Associated Press

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(AP) Two voting members of the Federal Reserve panel that sets interest rates are expressing clashing views over when the Fed should reduce its $85 billion a month in bond purchases.

Esther George, president of the Kansas City Federal Reserve Bank, suggests that the Fed should slow the purchases after it meets Sept. 17-18. She says she could support an initial reduction of $15 billion a month.

Charles Evans, president of the Chicago Fed, says he isn't confident enough that the economy is gaining momentum or that inflation is rising.

The Fed's bond purchases have been intended to keep borrowing rates ultra-low

Evans spoke before the government issued a subpar August jobs report a report the Fed will weigh in deciding whether to slow its bond buying. George spoke afterward.

Associated Press
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