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RICHARD FISHER: “THERE WILL BE NO QE3”

Maybe the Fed isn’t as intent on propping up Wall Street as some (myself included) presume. ┬áHere are some comments from Fed official Richard Fisher today (via Reuters):

“There will be no QE3,” Dallas Fed President Richard Fisher told reporters after a speech here. “I will support no QE3, no additional mortgage-backed securities, no additional Treasuries.”

“Wall Street keeps dangling QE3 out there,” Fisher said. “I think it’s a fantasy of Wall Street – it’s not going to happen, it’s not necessary.”

The Fed has already taken easy monetary policy too far, he said, filling the policy “gas tank” too full.

 

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