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Fed's Fisher: Not Yet Time To Predict When Fed Should Tighten

From nasdaq.com

Although he believes the Federal Reserve has already provided too much stimulus to the economy, a veteran central banker said Monday now isn't the time to start calling for a tightening in monetary policy. Looking at the various programs the Fed has run to expand its balance sheet by buying bonds to stimulate growth, "it's not clear to me [the programs have] been fully productive, or even counterproductive," Federal Reserve Bank of Dallas President Richard Fisher said in an interview with Dow Jones Newswires, held on the sidelines of the Milken Institute Global Conference in Beverly Hills. Fisher said "I wasn't ... (full story)

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