Fed's Fisher would start tapering of QE3 immediately

NEW YORK Wed Feb 27, 2013 6:35pm EST

NEW YORK Feb 27 (Reuters) - An outspoken policy hawk at the Federal Reserve on Wednesday upped the ante on his criticism of the U.S. central bank's bond-buying program, arguing he would like to see the purchases of Treasury and mortgage securities tapered immediately.

Richard Fisher, president of the Federal Reserve Bank of Dallas, had not previously been explicit about when the Fed should begin tapering its $85 billion in monthly asset buys.