4:29 PM » Fed's Rosengren: Dec. or April taper about same
WASHINGTON (MarketWatch) - Delaying a planned reduction in the Federal Reserve's bond-buying program from December until April would generate only a small increase in the overall size of the Federal Reserve's balance sheet, said Eric Rosengren, the president of the Boston Fed Bank, on Monday. "That is certainly one reason for being patient - waiting until evidence of a more sustainable recovery is more clear-cut," Rosengren said in a speech at The University Massachusetts, Boston. Rosengren stressed the Fed would use its meetings to review the economic circumstances prevailing at the time before making a decision to taper. He said that while the economy has been gradually improving, "it is not yet time to celebrate our economic performance." Rosengren, a strong supporter of the Fed's asset purchase program, is a voting member of the Fed's policy-making committee this year.