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Dallas Fed Chief Richard Fisher Opposes QE3: "Asking The Fed To Print More Money Is Just NOT The Answer"

(MarketWatch) - Richard Fisher, the president of the Dallas Federal Reserve Bank, said he would oppose any effort at the central bank to launch another round of asset purchases, known as quantitative easing, or QE3. "To ask the Fed to print more money in this case is just not the answer," Fisher said during an appearance on the CNBC cable television channel. The Fed has already filled the economy's gas tank and now investors and businesses have to step on the pedal. "We just have to be patient," he said, agreeing with the sentiment that the Fed should step back and let the economy heal itself. The weak May unemployment report was not a game-changer, and growth should pick up in the second half of the year, he said. Fisher, who opposed the Fed's current $600 billion asset purchase program, or QE2, said it may have been partly to blame for higher commodity prices.

Full video and transcript from Fisher's appearance on Squawk Box this morning.








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Reader Comments (4)

Jun 7, 2011 at 3:59 PM | Registered CommenterDailyBail
Jun 7, 2011 at 4:00 PM | Registered CommenterDailyBail
Mexican war on drugs reaches new low as drug gangs hang rival members from city-centre bridges

Read more: http://www.dailymail.co.uk/news/article-1394823/Mexican-war-drugs-reaches-new-low-drug-gangs-hang-rival-members-city-centre-bridges.html#ixzz1Oce0qEV9

graphic photos...
Jun 7, 2011 at 4:01 PM | Registered CommenterDailyBail
The Federal Reserve is risking a second Great Depression by putting pressure on banks to raise more capital, banking analyst Dick Bove writes in a scathing note that accuses the central bank of losing “all sense of reality.”


Bove sure loves the banks and the staus quo...
Jun 7, 2011 at 4:06 PM | Registered CommenterDailyBail

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