Pianalto wanted Fed to reduce bond-buying last month


  • World
  • Wednesday, 09 Oct 2013

(Reuters) - A top Federal Reserve official on Tuesday added her voice to those at the U.S. central bank who wanted to reduce asset purchases last month, though she stressed that "very supportive" policies remain essential to support the economy.

"For me the improvement in labour markets seemed substantial enough to support a scaling back of the asset purchase program at last month's FOMC meeting," said Cleveland Fed President Sandra Pianalto, who does not have a vote on policy this year, and who is retiring early next year.

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