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Friday, April 8, 2011

The Fed Fisher in view of the high inflation firmly opposed QE3

Bank of Dallas (Dallas Fed) Chairman Fisher (Richard Fisher) on Friday (8th), rise in global inflation, is expected in coming months United States inflation data is not satisfactory, you may need to prematurely Treasury purchase program.

he pointed out that the Federal Reserve debt scheme there are signs of market imbalances, increased liquidity or accelerated inflation, strongly oppose the implementation of the third round of quantitative easing.

he also said the Fed must time to normalize monetary policy operations, if the continued implementation of the QE2 will have a significant risk.

Fisher believes that United States economic recovery of kinetic energy increases, appears to be self sustainable, but failed to fix the fiscal deficit will cause damage to the economy.