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20 Oct 2014
Fed's Fisher: Market volatility not a sufficient reason for delaying QE end
FXStreet (Łódź) - Dallas Fed president Richard Fisher said in an interview for CNBC on Monday that he didn't see the case for delaying the end of the bond-purchase program, planned for the next monetary policy meeting, despite the recent market volatility.
He suggested that "the underlying economy is doing well," therefore the end of QE is necessary. Currently the is neither upside nor downside pressure on inflation , he added.
Fisher refused however to speculate on the timing of the first rate hike, as he pointed out it depended on economic data.
Fisher's comments contradict St. Louis Fed president James Bullard's declarations at the end of last week suggesting the possibility of postponing the end of QE.
He suggested that "the underlying economy is doing well," therefore the end of QE is necessary. Currently the is neither upside nor downside pressure on inflation , he added.
Fisher refused however to speculate on the timing of the first rate hike, as he pointed out it depended on economic data.
Fisher's comments contradict St. Louis Fed president James Bullard's declarations at the end of last week suggesting the possibility of postponing the end of QE.