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.
