News Headline Summary

Fed's Bullard says in favour of replacing "Operation Twist" with outright bond purchases of USD 25bln a month

Says:
- Fed ought to keep policy on an even keel once twist expires at the end of the year.
- Concerned about recent signs of weakness in US economy, is watching Q4 data closely.

Reaction details (19:59)

- No immediate reaction across the asset classes to these comments as they are similar to earlier commentary from Bullard.

Analysis details (19:59)

- Bullard is currently a non-voting member of the FOMC but is set to become a voter early next year.

03 Dec 2012 - 19:56 - - Source: Newswires

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