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

Update details:

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

Print 19:45, 15 Nov 2012 - Fed - Source: Newswires