Fed Committee Member Warns Off ‘Feral Hogs’ in Markets

EPJ13

“Richard Fisher, president of the Dallas Federal Reserve and a member of the rate-setting Federal Open Market Committee, said in an interview with the Financial Times that while the big players in financial markets acted like ‘feral hogs’ by scenting any weakness in policy makers’ intent, he did not think anyone could break the US central bank.  Commenting on the market turbulence that has followed Fed chair Ben Bernanke’s signal that the bank could begin tapering its $85bn monthly bond purchases before the end of this year, Fisher told the FT: ‘My personal feeling is that you don’t walk up to a lion and flinch.'”

http://www.economicpolicyjournal.com/2013/06/fomc-member-warns-off-feral-hogs-in.html

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