Posts Tagged ‘Monetary Morphine’

Fed Officials Clash On View of Economy

March 23, 2012

(Reuters) – The gap between the Federal Reserve’s dovish core and its hawkish wing was on display on Thursday as a top Fed official said the economy is in better shape even as Fed Chairman Ben Bernanke focused on a source of weakness.

While growing “slower than we would like,” the U.S. economy is expanding fast enough that it does not need further help from the central bank, Dallas Fed President Richard Fisher told Fox Business Network.

“We will not support further quantitative easing under these circumstances because there’s a lot of money lying on the sidelines, lying fallow,” he said, according to a transcript provided by the network. “We don’t need any more monetary morphine.