Dallas Federal Reserve President Richard Fisher said the Central Bank had overshot its mark on stimulus, reiterating his view that rate hikes will come ``sooner rather than later.'' The gap between yields on risky corporate bonds compared with yields on Treasuries, seen as among the safest of assets, suggests ``we may have overshot our mark,'' Fisher told a group of teachers Friday.
Labor market dynamics are improving and "not significantly experiencing any inflationary pressure,'' he said, adding that he expects economic growth to pick up over the next six months.
Despite the Fed's "incredible" amount of accommodation, it failed to spur job growth and meet its 5.5 percent target for unemployment, Fisher said.
source: CNBC
Labor market dynamics are improving and "not significantly experiencing any inflationary pressure,'' he said, adding that he expects economic growth to pick up over the next six months.
Despite the Fed's "incredible" amount of accommodation, it failed to spur job growth and meet its 5.5 percent target for unemployment, Fisher said.
source: CNBC