News Headline Summary

Fed's Pianalto says prepared to reduce purchases on more labour improvement

Says:
- Highly accommodative monetary policy appropriate.
- Employment has been stronger than she expected.
- Fed will stick with low rates even after bond-buying program is scaled back.

Analysis details (18:43)

- Fed's Sandra Pianalto's comments that she is prepared to reduce purchases did not indicate when or by how much.

- Pianalto is a well known dove and a non-voting member of the FOMC.

07 Aug 2013 - 18:39 - Fixed Income Bank Speaker - Source: Newswires

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