The Fed's asset purchases are not working, are benefitting the wrong people, and potentially...


The Fed's asset purchases are not working, are benefitting the wrong people, and potentially counterproductive, says the Dallas Fed's Richard Fisher. His comments put him directly at odds with the last 2 days of Congressional testimony from The Chairman. Fisher calls it a Buzz Lightyear monetary policy, "pledging to hold the federal funds rate at zero seemingly to infinity and beyond."

Comments (4)
  • june1234
    , contributor
    Comments (3796) | Send Message
     
    He also called for break up of p the big commercial banks a while back. Why is this guy not in charge.
    27 Feb 2013, 04:46 PM Reply Like
  • into dark shadows
    , contributor
    Comments (453) | Send Message
     
    Dick Fischer to replace Bernanke!
    RIGHT NOW!
    While the Republic still stands!
    27 Feb 2013, 04:52 PM Reply Like
  • into dark shadows
    , contributor
    Comments (453) | Send Message
     
    Thank God for one True American with a brain!
    Thank you Mr. Fischer!
    From all the working slobs trying to keep up with the standard of living killing from the Chairman!
    The Chairman,
    sounds almost communist?
    Slobama and his minions?
    I better tread lightly, S.A. will censor me!
    Thanks again Mr. Fischer for having the back of all the rest of the working men / women who don't shop at Rodeo Dr.
    27 Feb 2013, 04:51 PM Reply Like
  • marc heilweil
    , contributor
    Comments (169) | Send Message
     
    Mr. Fisher has the benefit of working in the financial world and has a more mature judgment than the academics who seemed fixed on theoretical approaches . Car sales and homes sales are of course rebounding from pent up demand and the Fed should not take credit for these rebounds.
    27 Feb 2013, 05:48 PM Reply Like
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