News Headline Summary

Fed's Plosser says Fed likely to halt asset purchases before raising federal funds rate

Says:
- 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.

Update details:

- 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