Fed's Fisher wants December taper, clear path to end of QE3

Fed's Fisher wants December taper, clear path to end of QE3

From reuters.com

The Federal Reserve should start to trim its massive bond-buying program next week, and spell out a clear path for phasing it out altogether, a top Fed official said on Monday. "It is time to taper," Dallas Federal Reserve Bank President Richard Fisher said in remarks prepared for delivery to the DTN/The Progressive Farmer Ag Summit in Chicago. The Fed next meets to decide policy Dec 17-18 and most economists expect it to defer any change until next year. Saying that the cost of the Fed's $85-billion-a-month asset-purchase program "far exceeds" its benefits, Fisher urged reducing it "at the earliest opportunity," ... (full story)

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Comment #1
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Dec 9, 2013 4:25pm Dec 9, 2013 4:25pm

rashidcm2004
| Joined Mar 2009 | Status: Member | 60 Comments

please don't give hope. do it and say it loudly. lol

Comment #2
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Dec 9, 2013 6:45pm Dec 9, 2013 6:45pm

boon2
| Membership Revoked | Joined Mar 2011 | 173 Comments

Yes QE3 has gone on for far to long, Time for FED to abandon QE3 and get on with QE4!

Comment #3
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Dec 9, 2013 7:15pm Dec 9, 2013 7:15pm

The Fool
Joined Apr 2009 | Status: Live and learn. | 1422 Comments

I will show you my tapir for $20....$50 to pet him.....

"If The Fool persists in his Folly he will become wise." - William Blake

Comment #4
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Dec 9, 2013 11:06pm Dec 9, 2013 11:06pm

Guest
| IP XX.XX.92.14

Quoting The Fool

Disliked

I will show you my tapir for $20....$50 to pet him.....

Ignored

HAHAHAHAHAHAH! nice one matey!

Comment #5
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Dec 9, 2013 11:07pm Dec 9, 2013 11:07pm

Brad6
| Joined Sep 2013 | Status: Member | 48 Comments

But lets see if Janet Yellen says that also.

Comment #6
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Dec 9, 2013 11:19pm Dec 9, 2013 11:19pm

Brad6
| Joined Sep 2013 | Status: Member | 48 Comments

"With inflation running well below the Fed's 2-percent target, several other regional Fed bank chiefs have made the case for the Fed to continue with super-easy monetary policy to help bring inflation back up."

Isn't that Nice. Your money isn't worth much now, so Fed says " let's make it worth even less

And of course we will continue to NOT COUNT those
'Volatile" 'food and energy prices in our inflstion figures
'

Comment #7
Quote
Dec 10, 2013 1:28am Dec 10, 2013 1:28am

Guest
| IP XXX.XXX.152.228

No way!!.....Let fisher fish a story and let Uncle Ben walk the talk.... its just another nightmare from Fed street..

Story Stats

Posted: Dec 9, 2013 3:54pm
Submitted by:
Newsstand

Category: Fundamental Analysis

Comments: 7 / Views: 2,863