Mar 9, 2008

Richard Fisher on Fed policy

We reacted with very deliberate actions. That shouldn't lead markets to expectations that we will continue to react in that manner. I would discourage you from thinking that simply because of a significant action in the credit markets, that suddenly we're going to move Fed funds rates in response.

~ "US Fed Pins Economic Hope On $200 billion Liquidity Boost", Telegraph UK, March 9, 2008

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