February 28, 2014 / 10:57 AM / 4 years ago

Fed's Fisher - U.S. should halt major asset purchases when feasible

FRANKFURT (Reuters) - The U.S. central bank should completely stop with its large scale asset purchases as soon as feasible, Dallas Federal Reserve Bank President Richard Fisher said on Friday.

Federal Reserve Bank of Dallas President Richard Fisher speaks about the concept of breaking up 'too big to fail' banks to a breakout group at the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, March 16, 2013. REUTERS/Jonathan Ernst

“As soon as feasible, the Federal Reserve should stop large scale asset purchases entirely,” Fisher said in a speech in Zurich.

Fisher, who has a vote on the Fed’s policy panel this year, is considered one of the most hawkish officials at the central bank.

Reporting by Alice Baghdjian and Katharina Bart; Editing by Victoria Bryan

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