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.
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.
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.
Low volatility...people are talking about it, but not many are acting on it.
"The FOMC should consider tapering the reinvestment of maturing securities and begin incrementally shrinking the Fed's balance sheet."
- Richard Fisher on Jul 27, 2014
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