Dudley: Too soon to discuss ending Fed's securities purchases

09/1/2009 | NYTimes.com

The economy is improving, but it is not in good enough shape to talk seriously about ending the Federal Reserve's purchases of longer-term Treasuries, said William Dudley, president of the Federal Reserve Bank of New York. "My own personal view is I think it's a little premature to be so confident that you want to pull all these things back right now because the economy still isn't growing very fast and we do have a very high unemployment rate," he said.

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