Mon, 15 Oct 2012 12:46:33 GMT
Fed will not act in a 'hasty manner'
On Monday, William Dudley, President of
the Federal Reserve Bank of New York, said in his speech that Fed was not
going to change its monetary policy, following first optimistic news,
and that the policy would evolve only when Fed would be confident
about securely established recovery. He explained the decision saying
that the monetary policy at the beginning of financial crisis was not
aggressive enough