Fed’s Fisher: Fed balance sheet way too large

Dallas Fed president Fisher says the Fed’s balance sheet is way too large. Reuters reports he says that the Fed had made clear that the Fed WILL monetize debts….

I suspect that is a misprint and will be corrected, unless Fisher has gone WAY off the reservation.

Sounds like we are seeing an increasingly wide golf on the FOMC between the lower-for-longer camp and the more hawkish camp of Hoenig, Fisher, Lacker, et al…

The monetization comment will hit the dollar…

UPDATE: Reuters corrects the headline: Fed has made clear it will not monetize the debts.