News Headline Summary

Fed's George calls for Fed to cut QE to USD 70bln this month

- Would like bond-purchases to gradually decline and be brought to end in H1 of 2014.
- Expects US economy to grow about 2% this year.

Update details:

- George is a voting member of the FOMC and is known to be of a hawkish stance.

Reaction details:

- Given these comments are not out of line with George's usual policy views, no reaction has been seen across asset classes.

Print 17:31, 06 Sep 2013 - Fed - Source: Newswires