The Federal Reserve’s monetary stimulus program cannot continue forever, Richard Fisher, President of the Federal Reserve Bank of Dallas told CNBC on Tuesday.
“We’ve changed and impacted the markets because of our intervention and I understand there’s sensitivity, but markets should also bear in mind that this program cannot go on forever,” he said.
“The balance sheet is $4 trillion and there are limits to what the Federal Reserve can do,” Fisher, who is in Melbourne speaking at an Economic Development for Australia function, added.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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