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Fed's George: size of initial taper may not matter much

The sun rises to the east of the U.S. Federal Reserve building in Washington, July 31, 2013. REUTERS/Jonathan Ernst
The sun rises to the east of the U.S. Federal Reserve building in Washington, July 31, 2013. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - The scale of the first reduction in asset purchases by the Federal Reserve is not as important as the clarity with which it communicates about where its policies are heading, a top U.S. central banker said on Thursday.

"I don't know that the initial amount really matters in the context of its impact," Kansas City Federal Reserve President Esther George told an audience in Denver after a speech.

"What is important, though, is that we will have to be clear, once we start, where we will be going with the end of the program," she said.

(Reporting by Alister Bull; Editing by Paul Simao)

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