- Fed desire for substantial job gains has not yet been met.
- Likely to continue buying mortgage and treasury bonds.
- These comments are not too surprising as the Fed has already committed to an open-ended programme when it initiated QE3. If the Fed changed their policy back to an outright bond buying programme and away from Operation Twist this would be seen as a dovish move and would support risk assets as well as treasuries.
Print 20:22, 28 Nov 2012 - Economic commentary - Source: Newswires
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