Tags: Fed | Fisher | Vote | Against | Bond | Buying | Plan

Fed’s Fisher Says He Would Have Voted Against Bond Buying Plan

Tuesday, 22 Mar 2011 09:22 AM

Federal Reserve Bank of Dallas President Richard W. Fisher said he would have voted against the central bank’s plan to buy $600 billion of bonds through June if he’d had a vote last year.

“I would have voted against QE2, had I had the vote,” the regional bank chief, who votes on monetary policy this year, said in a speech today in Frankfurt. “We’ve done a bit too much.”

Fisher said no additional monetary stimulus is necessary after the Fed completes its second round of bond purchases, dubbed “QE2” because it followed an earlier round of $1.7 trillion of purchases that ended a year ago.

“No further accommodation is needed after June,” including by tapering the central bank’s purchases, Fisher said. “Doing so would only prolong the injustice that we have inflicted” on savers through inflation, he said.

© Copyright 2017 Bloomberg News. All rights reserved.

   
1Like our page
2Share
StreetTalk
Federal Reserve Bank of Dallas President Richard W. Fisher said he would have voted against the central bank s plan to buy $600 billion of bonds through June if he d had a vote last year. I would have voted against QE2, had I had the vote, the regional bank chief, who...
Fed,Fisher,Vote,Against,Bond,Buying,Plan,easing
138
2011-22-22
Tuesday, 22 Mar 2011 09:22 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved