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    Fed Could Do 'small' QE3 Taper To Recognize Job Gains: Bullard

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    Wochit Headline News

    by Wochit Headline News

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    Improvements in the U.S. job market make reductions to the Federal Reserve's massive bond-buying program more likely, a top Fed official said on Monday, suggesting the central bank could start small and reassess in the first half of 2014. St. Louis Fed President James Bullard said that the probability of easing back the pace of asset purchases had increased and one possible reaction to a recent run of upbeat data was a small taper at "the upcoming meeting.