Ex-central banker Fisher speaks out on US Fed, QE
Likening index-hugging investors to wildebeests, Richard Fisher, just-retired head of the Dallas Federal Reserve, says the central bank won’t get in the way of the lions.
Richard Fisher retired last week after 10 years as the president and CEO of the Federal Reserve Bank of Dallas and a member of the Federal Open Market Committee.
He met with AsianInvestor on the sidelines of Credit Suisse’s Asian Investment Conference in Hong Kong to discuss interest rate policy, “lazy” asset managers and the new state of US financial markets.
You’ve described the US economy as the world’s “sweet spot”. How sustainable is that leadership position?
We don’t know…
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