Fed's Evans expects tapering to be completed by end of year

Reuters: The U.S. Federal Reserve is expected to complete the tapering of its stimulus plan by the end of this year, Chicago Fed President Charles Evans said at a conference in Istanbul on Monday.

Fed policymakers began in April to lay groundwork for an eventual retreat from their extraordinarily easy monetary policy with a discussion of the tools they could employ to accomplish the task, but no final decisions were taken, according to minutes of the session released last month.

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