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
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