News Headline Summary

Fed's Williams says policy exit would start with a change in communication

Williams is now taking Q&A.

Says:

- Fed during an exit would sell bonds at a gradual pace.
- When the time comes to tighten, Fed will first raise rates, then sell assets gradually.
- US economy is still somewhat fragile.
- US economic growth will continue to improve.
- Effect of current round of asset-buying depends on how much market participants think Fed will buy in total.

* For Williams initial comments please refer to our headline post at 0100GMT.

Analysis details (20:07)

- Williams is a FOMC voter and a known dove.

05 Nov 2012 - 20:06 - Fixed Income - Source: Newswires

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