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The US Federal Reserve is likely to continue tapering its multi-billion dollar bond-buying program at a similar pace, despite signs that the recovery might be slowing, one of its top officials has said. Richard Fisher – who is the president of the Federal Reserve Bank of Dallas – said the central bank remained on course to wind down its monetary stimulus by the end of the year. However, he said policymakers would not consider raising interest rates until its balance sheet stopped expanding. “I personally expect us to end [quantitative easing] in October. That’s the first step,” he told Fox News. “Then we have to see how the economy is doing, including these broader measures of unemployment, and where we stand, before we can talk about how we might move the short-term rate.” More