(Bloomberg) — The Federal Reserve looks on course to consider a more rapid drawdown of its mammoth bond-buying program just weeks after it instituted a plan to scale the purchases back in a methodical manner.
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A trio of policy makers — Vice Chairman Richard Clarida, Governor Christopher Waller and St. Louis Federal Reserve Bank President James Bullard — signaled this week that the topic of a faster taper might be on the table when the Federal Open Market Committee meets Dec. 14-15.
“I’ll be looking closely at the data that we get between now and the December meeting,” Clarida said Friday. “It may well be appropriate at that meeting to have a discussion about increasing the pace at which we are reducing” our asset purchases.
He told a San Francisco Fed conference that the U.S. economy is in a “very strong position” and that there is an “upside risk to inflation.”
A faster reduction in the…