Richard Fisher wants to end it early.
No, Richard Fisher is not a professional fighter. And this is not a 12 round heavyweight championship bout, though it's been going on long enough to seem like one.
He is, however, a professional economist and president of the Dallas Federal Reserve Bank. So you could probably say he's at least a cruiser weight.
A consistent critic of the Fed's QE program particularly the bond purchases, apparently he is not without a sense of humor either. Speaking in New Orleans Friday at a bankers convention, Fisher wants to see the bond repurchase program end this October. Some others want to stretch it out a bit longer--December.
Fisher said the Fed couldn't end the program earlier because markets are "somewhat addicted to our accommodations to their needs." A quick aside. With his use of the modifier, "somewhat," maybe Fisher should consider doing stand up comedy or hedge fund work.
Fisher also poked fun at what he called the "dot chart," a graphic that lays out a forecast for the Fed's benchmark interest rate, "Some analysts practically worship the dots." Fisher went on: " They have become analytical idols around which an orthodoxy has developed."
A voting member of the Fed this year, Fisher emphasized the forecasts are little more than "best guesses." He also noted Fed voters have been in a state of flux.
Hello Chair Janet Yellen.
http://www.marketwatch.com/story/fed-bond-buying-should-end-in-october-fisher-2014-05-09-129106
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