Dudley calls for new plan to avoid market overreaction when Fed heads for the exit

new-york-fed2

William Dudley sounded a cautious note over the Federal Reserve's quantitative easing (QE) yesterday, insisting the asset purchases could go either "up or down" and calling for the Federal Open Market Committee (FOMC) to reconsider its exit plan.

Dudley, the president of the Federal Reserve Bank of New York, said the outlook for the US labour market remains "uncertain", and he would need more evidence of a "substantial improvement" before reducing the pace of asset purchases.

"Over the coming

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: