News Headline Summary

Fed's Dudley says sees impediment in mortgage bond, rate spreads

Says:
- Unemployment rate unacceptably high.
- QE to continue until there is a substantial improvement in the jobs situation.
- Need to improve the transmission of monetary policy.

Update details:

- The commentary from Dudley on the unemployment rate is a reiteration, and is to be expected from Dudley.

Print 14:01, 03 Dec 2012 - Fed - Source: Newswires