Rates will still rise before any possible asset sales -Fed's Dudley
NEW YORK, March 25
NEW YORK, March 25 (Reuters) - Though the U.S. Federal Reserve may revise its two year-old plan for eventually reducing assets on its balance sheet, it continues to expect to raise rates before possibly selling off some of the assets, a top Fed offcial said on Monday.
New York Fed President William Dudley, however, argued that it was premature to spend much time focusing on the so-called exit strategy when a sustainable economic recovery was not yet secured.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Putin critic Khodorkovsky free after pardon, heads for Germany |
- Target cyber breach hits 40 million payment cards at holiday peak |
- Pizza outlet attacked as India, U.S. fail to cool diplomat row |
- New York Mayor-elect's reputation for lateness parodied on Twitter