Fed's Fisher - drop in jobless rate puts Fed closer to end of QE3



A stalwart opponent of the Fed's current third round of quantitative easing, or QE3, Dallas Fed President Richard Fisher said he personally would have liked to start trimming the program some time ago.
"I am of the opinion that unless we see some disturbing data...that we should start in September," Fisher told reporters after a speech here, adding that he is not alone at the Fed in that view.
The U.S. central bank is buying $85 billion in long-term securities each month in order to keep borrowing costs low and boost hiring and investment.
Fed Chairman Ben Bernanke said in June... read more

 
6 August 2013 in Business, Views: 21
Source: Reuters
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