It's 'too tender a moment' to cut QE, says Fed hawk Fisher
One of the Federal Reserve's most outspoken critics of asset purchases has essentially given up hope for a policy change at a meeting later this month in light of the fiscal standoff in Washington.
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"My personal opinion is that it's not in play," Richard Fisher, president of the Federal Reserve Bank of Dallas, said of the possibility that the central bank will reduce its quantitative-easing program at an Oct. 29-30 policy meeting.
"This is just too tender a moment," he said.