The Federal Reserve should continue to reduce the pace of its asset-purchase program, said Richard Fisher, president of the Dallas Federal Reserve
The Fed has provided "more than enough" easing to help the economy, Fisher said in a speech at the University of Texas in Austin
"It is my firm belief that the fault in our economy lies not in monetary policy but in a reckless and feckless federal government that simply cannot get its fiscal and regulatory policy geared so as to encourage business to take the copious amount of money we at the Fed have created and put it to work creating jobs and growing our economy," Fisher said
The Dallas Fed president is a voting member of the Fed's policy-making panel this year
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WASHINGTON (MarketWatch)-- The Federal Reserve should continue to steadily reduce the size of its monthly purchases by $10 billion per meeting, said Richard Fisher, president of the Dallas Federal Reserve Bank, on Monday. "I am very happy in doing this in measured steps," Fisher said in an interview on the Fox Business Network. "The gas tank is full, there is no need to keep adding to it," he said. Fisher said that business leaders are much more positive about the economic outlook than they were before. He repeated that the major factors holding down the economy were uncertainty about future tax and spending policies and worries about regulatory overload. Fisher is a voting member of the Fed's policy committee this year.
WASHINGTON (MarketWatch)-- The Federal Reserve should continue to steadily reduce the size of its monthly purchases by $10 billion per meeting, said Richard Fisher, president of the Dallas Federal Reserve Bank, on Monday. "I am very happy in doing this in measured steps," Fisher said in an interview on the Fox Business Network. "The gas tank is full, there is no need to keep adding to it," he said. Fisher said that business leaders are much more positive about the economic outlook than they were before. He repeated that the major factors holding down the economy were uncertainty about future tax and spending policies and worries about regulatory overload. Fisher is a voting member of the Fed's policy committee this year.
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