Reuters: Regulatory News: Rates will still rise before any possible asset sales -Fed's Dudley

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Rates will still rise before any possible asset sales -Fed's Dudley Mar 25th 2013, 17:18 NEW YORK, March 25 | Mon Mar 25, 2013 1:18pm EDT NEW YORK, March 25 (Reuters) - Though the U.S. Federal Reserve may revise its two year-old plan for eventually reducing assets on its balance sheet, it continues to expect to raise rates before possibly selling off some of the assets, a top Fed offcial said on Monday. New York Fed President William Dudley, however, argued that it was premature to spend much time focusing on the so-called exit strategy when a sustainable economic recovery was not yet secured.

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