Fed's Fisher sees 3 percent U.S. growth this year
SAN FRANCISCO Feb 4 (Reuters) - Dallas Federal Reserve Bank President Richard Fisher, a vocal critic of the central bank's policy of monetary easing, said Monday he expects the U.S. economy will grow about 3 percent this year.
In an interview with Bloomberg Radio, Fisher also said he does not believe that any of his colleagues are advocating for no limits to the Fed's bond-buying program.
"No one is arguing it, to my knowledge," even if inflation stays below the Fed's 2-percent inflation goal, he said. The bond purchases are building up a balance sheet that eventually will need to be trimmed, he warned.
The U.S. Federal Reserve last week left in place its monthly $85 billion bond-buying stimulus plan, saying economic growth had stalled but indicating the pullback was likely temporary.
- Obama makes rare campaign trail appearance, people leave early
- Obama makes rare campaign trail appearance, some leave early
- Turkey to let Iraqi Kurds reinforce Kobani as U.S. drops arms to defenders |
- Nigeria declared Ebola-free, holds lessons for others
- Two arrested in death of Saudi student in California: report