Markets - Market News
N.Y. Fed's Dudley Q&A: Will Take Away Punchbowl When Time Right
Market News International | Thursday, November 29, 2012
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New York Federal Reserve Bank President William Dudley Thursday stressed that the Fed would be ready to tighten monetary policy when it is clear the economy is again on track.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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