Low volatility...people are talking about it, but not many are acting on it.
Federal Reserve Bank of Dallas President Richard Fisher said he favors a steady tapering in bond buying by the Fed, with a $15 billion cut to zero in October.
The U.S. economy is “moving in the right direction” and “getting stronger” as private-sector payrolls increase, said Richard Fisher, president of the Federal Reserve Bank of Dallas.
Federal Reserve Bank of Dallas President Richard Fisher said U.S. banks and stock market investors using debt may be taking excessive risks, prompted partly by the Fed’s record-low interest rates.
Federal Reserve Bank of Dallas President Richard Fisher, who votes on monetary policy this year, said the U.S. labor market has been hindered by a lack of trained workers and not enough employees in Texas where demand has been strong.
Federal Reserve Bank of Dallas President Richard Fisher said the central bank should stick to its strategy of gradually reducing bond purchases even as harsh winter weather slows U.S. economic growth.
"We are at risk of doing what the Fed has too often done: overstaying our welcome by staying too loose too long."
- Richard Fisher on Jul 16, 2014
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