Sure, we’ve heard it before, but this time 31 of 47 people who bothered to answer their phone/e-mail are pretty sure that next week’s Fed meeting will be the Fed meeting we’ve all been waiting and waiting and waiting for. Read more »

  • 06 Sep 2013 at 4:14 PM

Richard Fisher Not Thrilled With Congress Either

The Dallas Fed president sure does hate quantitative easing. But he really, really hates our elected officials. Read more »

  • 30 Aug 2013 at 2:22 PM

Getting To The Bottom Of FedMinutesGate

Someone who shouldn’t have had access sent the minutes to someone who didn’t have access and who didn’t have a calendar or something. The rest is history. Read more »

  • 09 Aug 2013 at 2:38 PM

Is Richard Fisher Going Soft On QE3?

The Dallas Fed president adds one hell of a caveat to when he thinks the FOMC should start slowing bond purchases (formerly thought to be the day before the earliest time possible), a program he previously accused of:

  • debasing the dollar;
  • having potentially “tragic” consequences;
  • “building up kindling for speculation and eventually, a massive shipboard fire of inflation;
  • and, of course, “the ruination of our economy and lifestyle.”

“We should begin reducing bond purchases in September, as long as we don’t see a clear worsening of the economic data,” the president of the Federal Reserve Bank of Dallas told German business newspaper Handelsblatt.

Fisher’s new (opportunistic) dovishness comes as his colleagues (most of them, anyway) seem to at last be coming around to his side. Although one of them is getting the hell out before she has to deal with the fallout that will result. Read more »

  • 07 Aug 2013 at 3:17 PM


When Richard Fisher says that the Fed is getting awfully close to beginning to end his hated QE3, everyone shrugs their shoulders and says, “the Dallas Fed president is up to it again.”

When Chicago Fed chief Charles Evans says the same thing, the reaction is somewhat different. Read more »

Especially if Ben & Co. plan to destroy the world economy, a little advance warning would be appreciated. Read more »

  • 10 Jul 2013 at 4:39 PM

Fed Minutes Clear Everything Up

About half of the board of governors wants to stop bond-buying by Christmas, many others want to keep buying past Christmas and one wants the cold dead hand of QE in his stocking right now. Got it? Read more »