WASHINGTON — Cleveland Federal Reserve Bank President Sandra Pianalto Friday said the central bank could aim to trim the size of its swollen balance sheet before the end of the year if the outlook for the economy continues to improve as she expects it will, citing her concern about the risks posed by the central bank's $84 billion a month asset purchase program.

In prepared remarks at Florida Gulf Coast University, Pianalto — who does not hold a voting position on the policymaking Federal Open Market Committee this year — indicated her dissatisfaction with the current pace of growth, saying it is still not fast enough to dig the country out of the jobs crisis that it remains mired in.

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