Thu, Jun 27, 2013 12:15 PM EDT 1:03
CDW's stock climbed in the information technology company's first day of trading on the Nasdaq. The Federal Reserve's asset purchases would be more aggressive than the timeline Chairman Ben Bernanke outlined last week if economic growth and the labor market turn out weaker than expected, the influential head of the New York Fed said on Thursday. Pushing back hard against market concerns over the withdrawal of quantitative easing, William Dudley stressed in a speech that the newly adopted timeline for reducing the pace of bond buying depends not on calendar dates but on the economic outlook, which remains quite unclear. A former Centers for Medicare and Medicaid Services administrator told the Senate Finance Committee that Medicare should focus on fewer quality measures in their assessments, letting patient outcomes dictate what constitutes quality care instead.