NY Fed chielf Dudley did not state with certainty that the Fed would stop buying mortgage-backed securities at the end of March.
“If there’s a sharp turn in the road,” the Fed will adjust its buying plan. “Nothing is on automatic pilot”, is how Reuters characterizes and exchange with the Associate Press.
Not earth-shattering as central bankers rarely say “never”, but worth keeping in the back of your mind if the economy slows sharply in coming weeks.