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Fed’s Fisher: Fed Went Too Far in Stimulus Efforts

The question on every trader’s mind is when will the Fed raise rates. Those guessing games have caused wild gyrations in the market, particularly as the employment situation has been improving and savers are clearly suffering with interest rates below the rate of inflation.

We got a better idea of when a rate hike might happen in an interview Monday with Dallas Federal Reserve Bank President Richard Fisher, who will be stepping down on March 19, after ten years on the job. Fisher spoke exclusively to FOX Business’s David Asman on “After the Bell,” saying the central bank had gone “too far” in its stimulus efforts.

Never one to mince words, Fisher was straight forward in criticizing the Fed for taking too long to exit the extraordinary period of zero interest rates and multi trillion dollar portfolios, and he predicted that the Fed will raise rates this year.

Fox [1]

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