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http://www.businessweek.com/news/2013-06-24/fisher-cautions-against-overreacting-to-fed-s-june-19-statement

Bloomberg News

Fisher Cautions Against Overreacting to Fed’s June 19 Statement

June 24, 2013

Dallas Fed President Richard Fisher

Federal Reserve Bank of Dallas President Richard Fisher smiles during a Bloomberg Television interview in New York. Photographer: Scott Eells/Bloomberg

Richard Fisher, president of the Federal Reserve Bank of Dallas, said investors shouldn’t overreact to the central bank’s plans to reduce the pace of asset purchases.

Fisher, in an interview with the Financial Times published on its web site today, said investors behaved like “feral hogs” after the June 19 comments by Fed Chairman Ben S. Bernanke. Fisher isn’t a voting member of the Federal Open Market Committee this year.

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net


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