Fed’s Fisher Mentions Not Starting Tapering Was Close Call

Policymakers at the Federal Reserve were sharply split last month over whether to trim the U.S. central bank’s massive bond-buying stimulus, although they ultimately chose not to, a top Fed official said on Friday.

The decision, by 17 top Fed officials after two days of discussion led by Fed Chairman Ben Bernanke, was a “close call,” Dallas Fed President Richard Fisher told a group of business leaders at the Clinton Presidential Center in Little Rock, Arkansas.

“There are straw votes taken along the way,” he said, describing the Fed’s regular policy-setting meetings. “At this last session, it was a close call.”

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza