Fisher: Fed should let security holdings 'roll off' at maturity
Plans to urge FOMC colleagues to ‘think more outside the box' during final four months in office
Richard Fisher, Federal Reserve Bank of Dallas president and a Federal Open Market Committee (FOMC) member, believes it is "timely" to allow the Federal Reserve's security holdings to "run off as the bonds in our massive portfolio mature".
"Given [the] current circumstances, it would do no harm to start slowly trimming our holdings by letting them roll off as they mature," Fisher said during a speech in Texas yesterday, while acknowledging his thinking was "outside the box."
"But in my final
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com