CHICAGO — Chicago Federal Reserve Bank president Charles Evans said Friday that an accommodative monetary policy remains “appropriate,” but suggested he does not see a need for further large-scale asset purchases beyond the $600 billion of long-term Treasury security buying scheduled through June.

Evans said that at the conclusion of those purchases a first step toward firming monetary policy could be for the Federal Open Market Committee to instruct the New York Federal Reserve Bank’s open market desk to stop reinvesting the proceeds of maturing mortgage-backed securities, but added that such a step should not be taken immediately.

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