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Fed's Fisher, outspoken hawk, sees no QE reduction this month
One of the Federal Reserve's biggest critics of the U.S. central bank's asset purchases said that because of the fiscal standoff in Washington policymakers are unlikely to reduce stimulus later this month. Richard Fisher, the hawkish president of the Federal Reserve Bank of Dallas, said that even he does not think he could make a case for scaling back bond purchases at the Fed's policy meeting on October 29-30. "My personal opinion is that it's not in play," Fisher told Reuters on Tuesday. "This is just too tender a moment." U.S. lawmakers were working on Tuesday to strike a deal to avoid a government debt ... (full story)
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