Primary dealers surveyed by the Federal Reserve Bank of New York said uncertainty surrounding the Fed's plan for its bond-buying program is hindering its success. "Some dealers noted that the dispersion of views expressed by [Federal Open Market Committee] participants as to how the FOMC would make decisions regarding the future pace of asset purchases has decreased clarity around the program," according to the survey. "Of these dealers, several suggested that the differing views on monetary policy may reduce the policy's effectiveness."

Full Story:

Related Summaries