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Fed's Fisher happy with pace of taper, QE3 to end this year
January 31, 2014 / 7:52 PM / 4 years ago

Fed's Fisher happy with pace of taper, QE3 to end this year

FORT WORTH, Texas (Reuters) - Dallas Federal Reserve Bank President Richard Fisher, a constant critic of the Fed’s massive bond-buying program, said on Friday he is satisfied with the pace at which the U.S. central bank is reducing bond-buying and expects it to end before the year is out.

Richard Fisher, president and CEO of the Federal Reserve Bank of Dallas, speaks during a conference before the Committee for the Republic Salon at the National Press Club in Washington January 16, 2013. REUTERS/Jose Luis Magana

“From my perspective, I was pleased that all members of the committee saw things closer to how I have been seeing them,” Fisher, who votes this year on the Fed’s policy-setting panel, told reporters after a talk.

Turmoil in emerging markets that has accompanied the start of the Fed’s wind-down of its economic stimulus should not keep the Fed from acting in the best interest of the U.S. economy, which is to end the bond-buying as soon as possible, he said.

Reporting by Ann Saphir; Editing by James Dalgleish

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