"We are not out of ammunition," says NY Fed chief Bill Dudley, speaking at West Point. Expecting...

|By:, SA News Editor

"We are not out of ammunition," says NY Fed chief Bill Dudley, speaking at West Point. Expecting growth of 2.75% in 2012 with "significant downside risks," Dudley suggests what a QE3 would look like: The purchase of even more long-term assets with a particular focus on the MBS market.