News Headline Summary
Fed's Plosser says Fed likely to halt asset purchases before raising federal funds rate
- 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.
Analysis details (15:55)
- These comments are reiterations of earlier comments from Plosser. No reaction was seen as Fed is a non-voter on the FOMC.
11 Jan 2013 - 15:51
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