News Headline Summary

Fed's Dudley reiterates that FOMC could raise or lower asset buying pace; changes in QE hinge on economic outlook

Says:
- Inflation expectations are still firmly anchored.
- would not rule out raising pace of asset purchases if economy very definitely surprises to the downside
- Fed at times was too optimistic on forecasts

Update details:

- Dudley is the Federal Reserve's Vice Chairman and is known to have a Dovish stance

Print 17:06, 02 Jul 2013 - Fed - Source: Newswires