Fed's Evans (dove, FOMC 2014 alternate): Tapering QE asset purchases by measured steps is resonable, could be more aggressive cuts to purchases if the economy improves further
- Fed would be unlikely to pause the taper if data weakened, focus now is on forward guidance as the main policy tool.
- Fed needs to be more specific about forward guidance on interest rates.
- Supports lowering unemployment threshold below 6.5% before raising interst rates.
- Will not even consider interest rate hikes until asset purchases have been completed.