CHICAGO, July 7 The U.S. economy is in recovery, and the Federal Reserve does not need to inject additional monetary accommodation to help it along, Dallas Federal Reserve President Richard Fisher said on Wednesday.
The Fed has kept short-term interest rates at near zero since December 2008 and and has bought more than $1 trillion in mortgage-backed securities to blunt the worst downturn since the Great Depression.
The Fed does not need to buy more assets to boost the economy, and should be careful not to "go too far," Fisher said in an interview on business news channel CNBC.
Inflation is not an issue, he said.
(Reporting by Ann Saphir, Editing by Chizu Nomiyama)