Back
28 Feb 2014
Fed heads on improvements in US economy, pace of QE taper
FXStreet (Łódź) - Already three Fed heads have given speeches today, with St. Louis Fed president James Bullard and Philadelphia head Charles Plosser offering upbeat views on the US economic situation. The Dallas Fed chief Richard Fisher on the other hand called for ending the central bank's large scale asset purchases as soon as possible.
Bullard was optimistic about the outlook for the US economy in 2014, saying that it “would have stronger GDP growth than 2013 did” and suggested that the recent bad weather, which had a adverse impact on economic activity, shouldn't cause too much concern.
Plosser also saw the US economy in better shape and called for patience with the weak economic data, saying that it is “very noisy right now, extremely noisy with the weather and other things," and insisted that in a few months the picture would become clearer.
He added that he expected US growth moving towards 3% this year and assured that the economy was "in a firmer position than it's been in a number of years."
Meanwhile, speaking at an event in Zurich earlier on Friday Fisher suggested that the longer the Fed continued its bond purchase program the more complicated its future monetary policy would become. "As soon as feasible, the Federal Reserve should stop large scale asset purchases entirely," he said.
Bullard was optimistic about the outlook for the US economy in 2014, saying that it “would have stronger GDP growth than 2013 did” and suggested that the recent bad weather, which had a adverse impact on economic activity, shouldn't cause too much concern.
Plosser also saw the US economy in better shape and called for patience with the weak economic data, saying that it is “very noisy right now, extremely noisy with the weather and other things," and insisted that in a few months the picture would become clearer.
He added that he expected US growth moving towards 3% this year and assured that the economy was "in a firmer position than it's been in a number of years."
Meanwhile, speaking at an event in Zurich earlier on Friday Fisher suggested that the longer the Fed continued its bond purchase program the more complicated its future monetary policy would become. "As soon as feasible, the Federal Reserve should stop large scale asset purchases entirely," he said.