News Headline Summary

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

- 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

Analysis details (18:09)

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

02 Jul 2013 - 18:05 - Fixed Income Bank Speaker - Source: Newswires

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