Fisher Favors Steady QE Tapering to Zero by End of October

Federal Reserve Bank of Dallas President Richard Fisher said he favors a steady tapering in bond buying by the Fed, with a $15 billion cut to zero in October.

“Barring some destabilizing development in the real economy that comes out of left field, I will continue to vote for the pace of reduction we have undertaken, reducing by $10 billion per meeting our purchases and eliminating them entirely” at the Oct. 28-29 meeting, Fisher said today in a speech in New Orleans. He votes on monetary policy this year.