News Headline Summary

Fed's Fisher says Fed should not take 'Buzz Lightyear approach' to bond buys by going to infinity and beyond

Says:
- Only US congress can save US from fiscal perdition; the Fed cannot
- Endlessly buying bonds to stoke recovery could encumber future central bankers with Hobson's choices
- Inflation and inflationary expectations are tame; nation beset by disproportionate unemployment

Analysis details (14:50)

- Fed's Fisher is a non-voter and is known for his hawkish stance so these comments are in fitting.

15 Nov 2012 - 14:45 - Fixed Income - Source: Newswires

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