Fed’s Fisher Says Asset Buying Benefits and Costs Unclear

Federal Reserve Bank of Dallas President Richard Fisher said that both the ultimate benefits and costs of the central bank’s asset purchases are unclear.

“Companies are starting to use the copious cheap money they have access to for investing in capital projects and employing increasing amounts of workers,” Fisher said in a speech today in El Paso, Texas. “But it is not yet clear that we will achieve a justifiable bang for the trillions of bucks the Fed has flooded the economy with.”