$10B Taper? We need $20B – Fed’s Fisher

Federal Reserve Bank of Dallas President Richard Fisher, who will be a voting member of the policy-setting committee next year, said he argued for a $20 billion reduction in the Fed’s monthly bond purchasing pace instead of the $10 billion announced last week.

“The market could have digested that,” he said in an interview with Fox Business Network today.

The Federal Open Market Committee announced on Dec. 18 that it would dial back its monthly bond purchases to $75 billion from $85 billion on signs of an improved labor market. Fisher has been among the most vocal critics of the so-called quantitative easing program that began in September 2012 and has been calling for an early slowdown to the purchases.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu