Fed’s Fisher Says He May Vote to Curtail Asset Purchase Program
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Federal Reserve Bank of Dallas President Richard W. Fisher said he might vote to cut short the central bank’s program of large-scale asset purchases if he believed it to be “counterproductive.”
“I remain doubtful enough as to its efficacy that if at any time between now and June, it should prove demonstrably counterproductive, I will vote to curtail or perhaps discontinue it,” Fisher said in the text of a speech today in Washington. Fisher repeated that he would vote against extending or enlarging the purchases “barring some frightful development.”