Follow up to Fisher’s comments from a little earlier:
- Massive asset purchases by the U.S. Federal Reserve likely faces diminishing returns
- “…monetary policy … I believe that it is increasingly having a lesser impact as we go through time,” … in a response to a question about asset buying.
- “Rates are the lowest they have been in a lifetime. But they have not come down as quickly as I would like … to see, and I don’t think, therefore, our policy has been as effective as we would like it to be,”
Article at Reuters
