Federal Reserve Fisher (Federal Reserve Bank of Dallas president Fisher speaks to the US India Chamber of Commerce)

  • Says he has never seen such ebullient credit markets
  • Says rates on lowest-quality credits ‘historically low’
  • Says booming junk markets have ‘overshot the mark’
  • ‘I wonder’ if inflation rate ‘less than acceptable’
  • Sees price rises accelerating for core services
  • ‘Jury is out’ on whether inflation pickup has reversed
  • Says booming junk markets have ‘overshot the mark’
  • Sees most ebullient credit markets in almost 40 yrs

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“Says he has never seen such ebullient credit markets” … Fisher shooting for his ‘irrational exuberance’ moment, hmmmmmm?