The Federal Reserve on Wednesday sought to allay investor fears about an early withdrawal of liquidity as it reaffirmed its commitment to keep US interest rates low for an "extended period".
"We remain of the view that big changes in the Fed's forward-looking language on policy are some way off and the exit strategy is a story for the coming years, not for the coming quarters," said Lena Komileva, head of G7 market economics at Tullett Prebon.
Tuesday, November 17, 2009
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