Fed's Dudley: QE taper depends on economic outlook

FXstreet.com (Barcelona) - Chief executive officer of the Federal Reserve Bank of New York William Dudley said today that the US QE program could continue for a longer time, should the economic situation require it and that a taper "may be appropriate later in 2013.

Dudley assured that in case of worse-than-expected performance of growth and employment the central bank could even expand its asset purchase program further. US stocks and the dollar rose on the news.