“Fed’s Fisher Against Any QE2 Expansion”
“In interviews ahead of his speech, Fisher took a softer tone to the Fed’s current program, known as QE2. While he did not support it, Fisher said he was not eager to make any changes to the $75 billion per-month pace of purchases that is set to end in June.
There are four new voting members on the FOMC this year. The more hawkish members, including Fisher, appear to be going out of their way to lower the temperature of the debate over the bond-buying program in their public remarks.
Fisher said the Fed’s bond-buying program runs the risk of having the Fed be viewed by financial markets “as an accomplice to Congress’ fiscal nonfeasance.”” Read more.
“Fed’s Fisher Against Any QE2 Expansion”
Greg Robb
Market Watch, January 12, 2011.
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