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Appropriate to refresh U.S. Fed's longer-term 'exit strategy': Williams [February 20, 2014] NEW YORK (Reuters) — The U.S. Federal Reserve should update its longer-term "exit strategy" for winding down its swollen balance sheet to reflect changes in the plan since it was published in 2011, a top Fed policymaker said on Wednesday. |
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San Francisco Fed President John Williams, asked
about updating the strategy by reporters, said, "When the world
changes, we have changed our plan in an appropriate way." He
also noted that the Fed has made clear, for example, that it
does not intend to sell any of the assets it has bought until
perhaps "later on" as it looks to shrink the balance sheet. (Reporting by Jonathan Spicer; editing by Lisa Shumaker) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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