Reuters: Regulatory News: Fed will 'absolutely' remove accommodation when time right -Dudley

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Fed will 'absolutely' remove accommodation when time right -Dudley Nov 29th 2012, 15:13 NEW YORK | Thu Nov 29, 2012 10:13am EST NEW YORK Nov 29 (Reuters) - The Federal Reserve, which has kept interest rates ultra low for four straight years and bought more than $2.3 trillion in securities, will "absolutely" remove that accommodation "when the time is right," New York Fed President William Dudley said on Thursday. Dudley, answering questions at a Pace University forum, added that the sweeping new regulations included in the Dodd-Frank financial reform bill have had only a "very muted" impact on the U.S. economic recovery.

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