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Atlanta Federal Reserve President Dennis Lockhart appeared on CNBC's 'Squawk Box' on Friday-as investors look for clues on whether the central bank will start reducing its $85 billion monthly bond purchases next month.
The minutes from the Fed's October meeting-released on Wednesday afternoon-intensified speculation in the market of a sooner-than-expected tapering.
The next meeting of central bank policymakers is set for Dec. 17 and 18-followed by outgoing Fed Chairman Ben Bernanke's final scheduled news conference. He's stepping down at the end of his second four-year term on Jan. 31.
Meanwhile, Fed Vice Chair Janet Yellen's bid to take over for Bernanke and become the first woman to lead the central bank took another step forward Thursday. The Senate Banking Committee approved her nomination and sent it to the full Senate for a vote, which is widely expected to go her way.
- By CNBC's Matthew J. Belvedere. Follow him on Twitter @Matt_SquawkCNBC.
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