Dallas Fed’s Fisher: QE “Cannot Go On Forever”

Fed’s resident hawk Fisher will be able to vote in 2014.

The Federal Reserve’s monetary stimulus program cannot continue forever, Richard Fisher, President of the Federal Reserve Bank of Dallas told CNBC on Tuesday.

“We’ve changed and impacted the markets because of our intervention and I understand there’s sensitivity, but markets should also bear in mind that this program cannot go on forever,” he said.

“The balance sheet is $4 trillion and there are limits to what the Federal Reserve can do,” Fisher, in Australia for a speech, added.

There has been intense speculation in recent months over the timing of when the Fed will start to scale back its $85 billion-a-month asset purchase program, also known as quantitative easing.

CNBC

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