Reuters logo
Fed's Fisher: policy impact of Fed bond buying fading over time
January 17, 2013 / 1:25 AM / 5 years ago

Fed's Fisher: policy impact of Fed bond buying fading over time

WASHINGTON, Jan 16 (Reuters) - Massive asset purchases by the U.S. Federal Reserve likely faces diminishing returns in terms of the program’s desired monetary policy impact, a senior Fed official said on Wednesday.

“With regard to my own views on monetary policy ... I believe that it is increasingly having a lesser impact as we go through time,” Dallas Federal Reserve President Richard Fisher told reporters in a response to a question about asset buying.

“Rates are the lowest they have been in a lifetime. But they have not come down as quickly as I would like ... to see, and I don’t think, therefore, our policy has been as effective as we would like it to be,” Fisher said.

He was speaking after delivering a speech at the National Press Club on “too big to fail banks.”

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below