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Dallas Fed President Richard Fisher: QE won't last forever

from CNBC

The Federal Reserve's monetary stimulus program cannot continue forever, Richard Fisher, President of the Federal Reserve Bank of Dallas recently told CNBC. "We've changed and impacted the markets because of our intervention and I understand there's sensitivity, but markets should also bear in mind that this program cannot go on forever," he said. "The balance sheet is $4 trillion and there are limits to what the Federal Reserve can do," Fisher, who spoke in Melbourne at an Economic Development for Australia function, added. more


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