U.S. Fed's Plosser: positive jobs growth another reason to taper QE

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Reuters
Last Updated : Dec 06 2013 | 7:58 PM IST

REUTERS - A top U.S. central banker said on Friday that jobs growth in November was "pretty positive" and reflective of a stable rate of expansion over the last several months, and should spur the Federal Reserve to trim its policy support.

Charles Plosser, president of the Philadelphia Fed, said on CNBC the November payrolls data released earlier on Friday reinforced his view that the central bank should begin to wind down its accommodative bond-buying program.

"You've got a pretty stable, positive rate of growth in jobs right now," said Plosser, a hawkish Fed official who has a vote on policy next year.

(Reporting by Jonathan Spicer; Editing by James Dalgleish)

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First Published: Dec 06 2013 | 7:46 PM IST

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