Fisher speaking in London:

  • Fed has added massively to its balance sheet
  • Fisher is seeing some exhibitions of excessive risk
  • Reaction to FOMC was less anxious than a year ago
  • Fed’s effort to be clear complicates forward guidance
  • Asset buying to end by October at current pace
  • Says he adjusted his forecasts from prior FOMC meeting
  • Some more volatility in the market would be healty