HAMMOND, Ind. - Chicago Federal Reserve Bank President Charles Evans Wednesday said he expects the Fed to continue asset purchases at current levels once the current maturity extension program, also known as "Operation Twist," ends.

"By the end of this year, we (the Fed) have a decision to make due to Operation Twist ending. We have to decide how much additional asset purchases to do. I expect to do something on the same magnitude we are doing now," Evans told reporters after a speech to the Lakeshore Chamber of Commerce Business Expo luncheon.

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