Fed's Fisher says stimulus tapering will be data dependent

SYDNEY Sun Nov 3, 2013 9:38pm EST

SYDNEY (Reuters) - Federal Reserve Bank of Dallas President Richard Fisher on Monday said any tapering in the U.S. central bank's bond-buying stimulus program will depend on the strength of economic data.

Speaking at a conference of business economists in Sydney, Fisher also said U.S. corporate balance sheets are stronger than ever.

Fisher has long been concerned by the Fed's "hyper-accommodative" monetary policy, in part due to the danger of market disruptions when it comes time to slim down its massive balance sheet.

Fisher is not a voting member this year, but will be in 2014.

(Reporting by Wayne Cole; Editing by John Mair)

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Comments (2)
Laster wrote:
Well if Black Friday sales receipts don’t pan out this season with the recently lowered gas prices, President Obama could look towards maybe repeating the low gas prices next year in conjunction with moving Thanksgiving up another Thursday.

Nov 03, 2013 10:21pm EST  --  Report as abuse
minipaws wrote:
Eliminate the Fed. Vote Libertarian.

Nov 04, 2013 5:53am EST  --  Report as abuse
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