Fisher says Fed must stop QE ‘as soon as feasible'
Quantitative easing has given investors "beer goggles" making unattractive opportunities look alluring – meaning Dallas Fed chief Richard Fisher would "have to hire Sherlock Holmes to find a single distressed company priced attractively enough to buy" if he were still a partner at a buyout firm as he was in the 1990s.
Addressing the National Association of Corporate Directors in Dallas, Texas yesterday, Fisher said that while he views the Federal Open Market Committee's most recent decision, to
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