Fed’s Fisher Says No More Stimulus Needed in U.S. After June
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Federal Reserve Bank of Dallas President Richard W. Fisher said that no additional monetary stimulus will be necessary after the central bank completes its asset purchase program in June.
“No further accommodation is needed after June,” including by tapering the central bank’s purchases, the regional bank chief, who votes on monetary policy this year, said in a speech today in Frankfurt. “Doing so would only prolong the injustice that we have inflicted” on savers through inflation, he said.