No More Easing, but No Rate Hikes Either: Fed's Fisher
By Jeff Cox, CNBC.com Senior Writer
NEW YORK (CNBC) -- While saying "it's a little bit premature to talk about tightening," Dallas Fed President Richard Fisher also believes it's time for the central bank to stand down on any more stimulus.
In an interview with CNBC, Fisher said the economy is well on its way to recovery and not in need of any more quantitative easing measures, including an extension of the ongoing Operation Twist debt-buying measures.
The comments add to an increasing level of contradictory statements from Fed officials, who are weighing how strong the economic recovery is and what role the central bank should take."There's so much liquidity in the system," Fisher said. "Why would we add more unless we had a crisis on our hand or something was happening where we're seeing significant slippage in the economy?"
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