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Fed's Fisher to Wall Street: QE3 is "fantasy"

From reuters.com

Dallas Federal Reserve Bank President Richard Fisher had a message for Wall Street on Wednesday: don't expect more from the U.S. central bank. Goldman Sachs and other Wall Street economists have for months predicted the U.S. central bank will embark on a third round of quantitative easing, or QE3, adding to purchases of long-term securities that have already pushed the Fed's balance sheet to nearly $3 trillion. "There will be no QE3," Dallas Fed President Richard Fisher told reporters after a speech here. "I will support no QE3, no additional mortgage-backed securities, no additional Treasuries." Fisher, the only ... (full story)

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