The presidents of the Federal Reserve banks in Boston and Chicago say they support allowing the Department of the Treasury’s securities-purchase program to run through the end of June as planned. Eric Rosengren, head of the Boston Fed, said high employment and low core inflation suggest the program is still necessary, while Charles Evans, president of the Chicago Fed, added that data suggesting a more sustainable recovery were not sufficient to call for an early end to the program. The presidents of some of the other regional Feds have expressed opposing views.

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