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.

Update details:

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

Reaction details:

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

Print 19:57, 03 Dec 2012 - Fed - Source: Newswires