Fed officials dampen speculation of imminent bond tapering

Two senior Federal Reserve officials have played down chances that the US central bank would signal a readiness to taper bond buying at its meeting next month, dampening speculation the Fed might soon dial back its ultra-easy policy.

New York Federal Reserve Bank President William Dudley and St. Louis Fed chief James Bullard, both of whom will vote at the June 18-19 meeting, made clear further economic progress was needed before they would support curtailing bond purchases.

via Business feed http://www.scmp.com/business/economy/article/1243372/fed-officials-dampen-speculation-imminent-bond-tapering