- Asset purchases are a process of gradual incremental easing.
- Says prefers reaction function to thresholds for rates policy.
- Hopes threshold number will not be changed because that would be confusing.
- These comments are reiterations of earlier comments from Plosser. No reaction was seen as Fed is a non-voter on the FOMC.
Print 15:52, 11 Jan 2013 - Fed - Source: Newswires
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: