Fed’s Fisher: Continued QE2 Buying Presents ‘Significant Risks’

Federal Reserve Bank of Dallas President Richard Fisher continued Friday his forceful calls for a less stimulative monetary policy against the central bank’s Treasury debt buying to drive forward economic growth, as he also took the nation’s political leaders to task, imploring them to get the budget under control. “Continued accommodation presents significant risks,” Fisher said. “No amount of further accommodation by the Fed would be wise–either by prolonging or ‘tapering off’ the volume of purchases of Treasuries past June, or adding another tranche of large-scale asset purchases.” – The WSJ

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