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Fed's Fisher Admits "Fed Has Levitated Markets", Warns Of "Signs Of Excess"

FOMC voting-member Richard Fisher is among the sanest voices in the Eccles Building asylum and he is once again sounding alarms that all is not well in US financial markets:

  • *FISHER SAYS FED HAS 'LEVITATED' MARKETS
  • *FISHER SAYS HE SEES SIGNS OF EXCESS IN FINANCIAL MARKETS

Furthermore, Fisher notes The Fed can't force companies to hire, and would like to see rate hikes as early as Spring 2015.

 

He is right of course...

 

And adds:

  • *FISHER SAYS HE BACKS REDUCING REINVESTMENT BEFORE RAISING RATES
  • *FISHER SAYS HE WANTS TO AVOID FED HAVING TO TIGHTEN 'SEVERELY'
  • *FISHER SAYS HE WANTS TO SEE FIRST RATE MOVE IN SPRING 2015
  • *FISHER SAYS HE'S IN THE SLOW AND GRADUAL SCHOOL ON RATE RISES
  • *FISHER SAYS HE FAVORS RAISING RATES IN QTR-POINT INCREMENTS

Then reflects on the world...

  • *FISHER SAYS ECB'S DRAGHI IS ONE OF THE GREAT CENTRAL BANKERS
  • *FISHER SAYS FRENCH ECONOMY IS `UBER-WEAK' NOW
  • *FISHER SAYS THERE ARE LIMITS TO WHAT ECB'S DRAGHI CAN DO
  • *FISHER: ECB POLICY CONSTRAINED BY FRAGMENTED EURO FISCAL POLICY
  • *FISHER SAYS JAPAN'S ECONOMY NEEDS A LOT OF STRUCTURAL CHANGE