Dallas Federal Reserve President Richard Fisher on Wednesday described the
potential for a new round of stimulus from the central bank a “Wall Street
fantasy,” adding the chances of it happening are almost nil.
There won’t be a new round of Fed stimulus “unless there is some extreme
crisis that none of us can presently foresee,” he said, speaking to
reporters after a speech to a manufacturing group here.
“In my view, it’s not going to happen,” he said. “It’s a fantasy. Wall
Street keeps dangling QE3 out there [but] I just don’t see it happening.”