Fed's Fisher- US should halt major asset purchases when feasible | Forex Factory

  • Fed's Fisher- US should halt major asset purchases when feasible

    From msn.com

    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. "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.

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Hutch
Feb 28, 2014 11:52pm
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I love the statement "The U.S. central bank should completely stop with its large scale asset purchases". What asset is Fisher talking about? The FED is not buying any asset it is creating $ out of thin air. These are not assets but debt that the US Government will never be able to repay unless the USD is devalued by hyperinflation on the same scale as it happened in Weimar Germany when the price of bread went from 1 Mark in 1919 to 100 billion Marks by 1923. I wish I could call this a currency traders' paradise unfortunately it would not be the case. We would all be billionaires living in the poor house!
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Marsfx
Feb 28, 2014 3:13am
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Quoting okie dokie
Nobody believes fisher anymore coz eur just shot up...
Nobody belive Fischer true...but the QE is ending....and the euro shot up about an hour ago....I want to see were the euro will be at the end of March.....
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simply.monty
Feb 28, 2014 5:38am
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buy buy
buy only buy eurusd
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gat
Feb 28, 2014 5:35am
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Would be better to stop buying mortgages unless they are 20% down and income verified.

Nobody has reason to believe anything much from government data.
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Spreadbetter
Mar 1, 2014 2:09am
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No, they are, the rounds of monthly QE are technically asset purchases, dyor and you'll see how it 'works'.



Quoting Hutch
I love the statement "The U.S. central bank should completely stop with its large scale asset purchases". What asset is Fisher talking about? The FED is not buying any asset it is creating $ out of thin air. These are not assets but debt that the US Government will never be able to repay unless the USD is devalued by hyperinflation on the same scale as it happened in Weimar Germany when the price of bread went from 1 Mark in 1919 to 100 billion Marks by 1923. I wish I could call this a currency traders' paradise unfortunately it would not be the...
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okie dokie
Feb 28, 2014 3:09am
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Nobody believes fisher anymore coz eur just shot up...
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Powerslave
Feb 28, 2014 4:09am
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0.8 CPI and the target is 2...12% unemployment..where are the good numbers?
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Grahamn
Feb 28, 2014 3:34am
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The Euro went up because of the good Euro data not because of Fisher
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Daniel1
Feb 28, 2014 3:39am
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[quote=Grahamn;7311007]The Euro went up because of the good Euro data not because of Fisher[/quote

What good numbers. 12% unemployment?
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Trader#D12F
Feb 28, 2014 3:31am
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The Euro went up because of the good figures from Europe not because of US figures
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Trader#DB55
Feb 28, 2014 4:53am
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it took SL from Major Banks (there was a post with their short position)
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