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  • aea_k8 aea_k8 May 11, 2013 12:51 PM Flag

    "I think we ought to dial it back." R Fisher, president of the Federal Reserve Bank of Dallas

     

    "I don't want to go from wild turkey to cold turkey," Richard Fisher, president of the Federal Reserve Bank of Dallas, said in an interview Friday. "I think we ought to dial it back." Mr. Fisher is part of a contingent of Fed hawks who are wary of the central bank's easy-money policies.

    The Fed also wants to transmit the message that the withdrawal of stimulus will not necessarily be smooth and steady. Rather, the Fed might tighten policy a bit, then wait to see what happens, then tighten some more.

    In any event, it seems the big moment is finally upon us. The Fed is finally serious enough about starting its "exit" that it is telling Wall Street to get ready.

    Read John Hilsenrath's article here

    Read more: http://www.businessinsider.com/the-fed-is-talking-about-ending-its-stimulus-2013-5#ixzz2T0Hr1r2u

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