NACOGDOCHES, Texas 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.
(Reporting by Eileen O'Grady, writing by Ann Saphir; Editing by Chizu Nomiyama)