- Fed's forward guidance on path of interest rates is primary policy tool, QE3 is overlaid on top of that.
- Need to rethink some specifics of Fed's exit policy, consider option of holding on to assets for longer.
- Fed needs more flexibility in exit policy, which was set out when Fed's balance sheet was smaller.
Analysis details (16:21)
- Fed's Williams is a non-voter and has a dovish stance.
03 Apr 2013 - 16:15 - Fixed Income - Source: Newswires
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