Richard Fisher, President and CEO of the Federal Reserve Bank of Dallas, speaks at the Dallas Business Club on the “Texas economy” and on monetary policy. Now answering questions from reporters:
- Eliminating ‘considerable time’ vow on near-zero rates is ‘logical next step’
- I don’t worry about below-2-pct inflation as long as it is supply-driven
- Would not worry me if inflation rose briefly above 2 pct, if expectations stay anchored
- Federal Reserve is closer to raising rates than is generally expected
- conditions for trimming balance sheet are more favorable now than when first advocated it
- Views of fed policymakers are closer together than before because us economy is doing better
- Part of my legacy will have been bringing non-theoretical input to fed meetings
Headlines via Reuters
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Earlier from Fisher:
