Richard Fisher

  • 04 Jun 2014 at 2:04 PM

Richard Fisher Feeling Like His Old Self Again

Following his brief flirtation with sticking by QE3, which he previously called the “ruination of our economy and lifestyle,” the Dallas Fed president is back to wanting to see it sprinting into the sunset as soon as possible, which apparently means October. Read more »

  • 07 Mar 2014 at 3:55 PM

Ben Bernanke’s Words Were Few, But Impactful

Barring his authorship of a new bank regulation in 20 years or so, 2013 was Ben Bernanke’s last chance to leave his mark on the markets—and he didn’t miss it. 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 »

  • 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

Panic!

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 »

Richard Fisher is no fan of QE3, and he’s worried that his colleagues at the Fed have developed an unquenchable, $85 billion-a-month habit. Much as he finds their addiction abhorrent, he isn’t ready to abandon them to their fate—runaway inflation and the eventual loss of their teeth. So he’s pushing a 12-step program. First, admit you have a problem. Second, stop buying MBS. Read more »