Fed's Fisher says Fed focusing on how to manage exit, avert inflation

MEXICO CITY, March 5 Wed Mar 5, 2014 9:27pm EST

MEXICO CITY, March 5 (Reuters) - A U.S. Federal Reserve policymaker said on Wednesday the central bank is focusing on managing the exit from super-easy monetary policy without fanning inflation.

Speaking to investors and bankers in Mexico City, Dallas Fed President Richard Fisher said, "the real tools that we are focusing on are how we manage the exit from the current hyper accommodative monetary policy and how do we make sure...that we do it in a way that doesn't allow the current very large and presently non inflationary monetary base...from becoming inflationary."

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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