Dallas Federal Reserve President Richard Fisher, who has long criticized the central bank's bond-buying stimulus, says the program has lasted too long and there are signs it is now distorting financial markets and encouraging risk-taking.
In a speech in Mexico City Wednesday, Fisher highlighted concerns that the Fed's policy stimulus is creating asset-price bubbles that "may result in tears" for investors acting on bad incentives.
"There are increasing signs quantitative easing has overstayed its welcome: Market distortions and acting on bad incentives are becoming more pervasive," Fisher told the Association of Mexican Banks.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
