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Fed's Fisher: We Cannot Live In Fear Of 'Monetary Cocaine'

Wednesday, June 5, 2013 - 8:40 AM
Asked if he was concerned about the impact of rising bond yields on the economy, Fisher said it should be monitored but that policymakers could not let markets dictate policy.

"We cannot live in fear that gee whiz, the market is going to be unhappy that we are not giving them more monetary cocaine," he said.

Fed's Fisher: We Cannot Live in Fear of 'Monetary Cocaine'
ShorebreakShorebreak2,671 posts since
Apr 6, 2010
Rep Points: 14,501
1. Wednesday, June 5, 2013 - 2:42 PM
When the QE music stops, a lot of people will get hurt.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427