Fed's Lacker says exit from bond-buying programme must be quick

BERLIN (Reuters): The U.S. central bank must end its bond-buying programme quickly and an end to the programme was "in sight", a senior Federal Reserve official said in a German magazine on Saturday.

Fed Chairman Ben Bernanke jolted markets in late May with plans to ease back on stimulus efforts once the economy improves. The Fed is likely to reduce its monthly bond purchases later this year and stop them altogether by mid-2014, as long as the economic recovery unfolds as expected, Bernanke has said.