Evans: Tapering could start this year

According to Reuters, Charles Evans, president of the Chicago Federal Reserve Bank, said that there is a decent chance the Fed will start tapering this year, but there are certain risks that could potentially push it back until 2014.

"(The economic) outlook strikes me as compatible with reducing the flow of purchase rate," Evans told reporters in Oslo on Friday.

"But whether or not we'll have enough confidence at the October meeting or the December meeting, I just can't say that with a lot of certainty. I think there's a decent chance of that. But it could go a little bit longer," said Evans in his first public remarks since the Fed's decision.

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