Fed’s Fisher Says He Won’t Support More QE After June

Dissention, while still quietly kicking the can down the road, is politically acceptable. Failing to supply or withdrawing liquidity (gasp!) and facing the social, political, and economic consequences of doing so is not.

Richard W. Fisher, president of the Federal Reserve Bank of Dallas, said he isn’t inclined to support further quantitative easing after the central bank completes its purchase of $600 billion in Treasuries in June.

“You can never say never, but I cannot imagine a convincing argument for further quantitative easing after this round, given what is developing now in the economy,” the 61- year-old regional bank chief said today on Bloomberg Radio’s “The Hays Advantage” with Kathleen Hays.

Source: businessweek.com