Fed's bond buying ineffective, no need to add to it: Fisher
NACOGDOCHES, Texas (Reuters) - Dallas Fed President Richard Fisher on Wednesday reiterated his opposition to the U.S. central bank's bond-buying program, calling it ineffective.
"Why would you dial up if it's not having an effect?" Fisher said to reporters after a speech here.
Fisher also said he believes the economic momentum is moving in the "right direction," adding that he expects the U.S. economy will be growing at a pace of about 2.5 percent by the end of the year.
- Divided, Scots prepare to vote on fate of the United Kingdom |
- IPhone emerges from 'bygone era', reviewers hail bigger handset
- Fed renews zero rate pledge, but hints at steeper rate hike path |
- Boeing, SpaceX win contracts to build 'space taxis' for NASA
- Islamic State campaign tests Obama's commitment to Mideast allies