Hilsenrath: Fed on Track to Ease Up on Bond Buying Later This Year

That's the title of an article posted on the WSJ website today at 3:15 p.m. by ace Fed watcher Jon Hilsenrath. He writes:

Federal Reserve officials are likely to signal at their June policy meeting that they're on track to begin pulling back their $85-billion-a-month bond-buying program later this year, as long as the economy doesn't disappoint.

A good-but-not-great jobs report Friday ensured officials wouldn't want to act right away and would instead want to see more data before taking a delicate step toward winding down the program. But they could point at their next meeting to improvement they're seeing in the economy, a prerequisite to reducing the so-called quantitative-easing program.

The next FOMC meeting is scheduled for June 18-19. Recent articles by Hilsenrath are posted in The Fed Center PressBox