Fed’s Pianalto says could taper asset purchases by year end

Growth not strong enough to ‘dig us out of the deep unemployment hole we’re in’ Expects unemployment rate to fall to 7.5% at year end 7.0% by end of 2014 Could reduce asset purchases before year end to minimize associated risks Pianalto is a fairly dovish Fed member and almost always goes with th…

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Fed’s Pianalto says could taper asset purchases by year end