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Dallas Fed President Fisher Unsure Whether QE Aiding Jobs

Richard Fisher, president of the Federal Reserve Bank of Dallas, said the central bank’s asset purchase program, known as quantitative easing, may not be helping the labor market.

“The efficacy is questionable,” Fisher said in an interview with Kathleen Hays on Bloomberg Radio’s “The Hays Advantage.” “I am not worried about price inflation. I am worried about the efficacy of our policy as it affects job creation.”

Fisher, who has been an outspoken critic of additional monetary easing by the Federal Reserve, is not a voting member of the Federal Open Market Committee this year.

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