Fed’s George backs ending bond-buying

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Fed’s George backs ending bond-buying
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Kansas City Fed President Esther George on Wednesday said she supports ending the central bank's program to buy $120 billion per month of bond each month.

Kansas City Federal Reserve President Esther George on Wednesday said the time had come to end the central bank’s bond-buying program.

The central bank said last winter that it would continue the bond buying until the economy has made “substantial” progress on its goals of a strong economy. A debate has broken out at the Fed on how soon the central bank might announce a plan to slow down asset purchases and then start the process.

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