Fed's Evans: Likely $600 bln buys 'right number'

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Fed's Evans: Likely $600 bln buys 'right number' (by Steve Goldstein)

WASHINGTON (MarketWatch) -- It's likely that the $600 billion bond purchase plan by the Federal Reserve will be the "right number," said Chicago Fed President Charles Evans in an interview on CNBC television. The remarks indicate Evans' support for continuing the central bank's program to the end but not a new round of purchases. He also seemed reluctant to endorse rate hikes later this year, noting he expects core inflation to remain below 1.5% this year, in which case "accommodative" policy would be appropriate.

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Fed's Evans: Likely $600 bln buys 'right number'

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