Thursday, February 17, 2011

Fed's Fisher Says No to QE III ...

NEW YORK (Dow Jones)--Federal Reserve Bank of Dallas President Richard Fisher reiterated Thursday he will oppose any effort to extend the central bank's $600 billion bond buying program beyond its current goal, according to Reuters.

The official was speaking as part of an event in Houston.

He also said he was seeing signs of rising price pressures.

Fisher is a voting member of the interest rate setting Federal Open Market Committee, and he has long expressed his discomfort with the program popularly known as QE2.

-By Michael S. Derby, Dow Jones Newswires; 212-416-2214;

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

February 17, 2011 15:19 ET (20:19 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.- - 03 19 PM EST 02-17-11

No comments: