Dallas Fed President Fisher on CNBC:

  • Recent market volatility has not changed my outlook ‘out iota’
  • No slide to downside on inflation, no pressure on upside either
  • Biggest concern on ebola is media overreaction
  • European economic issues very different from US
  • I’m not going to give you a specific date when I expect rate rise to be appropriate
  • Timing will depend on economic data

This comment and a similar sentiment from Boston Fed President Eric Rosengren are helping to cause a pullback in risk assets. They contradict what Bullard hinted on Thursday.