Delivers speech in New York
The Fed Vice Chair Stanley Fisched is giving a speech in NY.
Some of his highlighted comments:
- big balance sheet may pose some policy challenges
- big balance sheet point downward rate pressure
- big balance sheet may pose financial stability risks
- QE helped promote recovery
- bond buying helps keep inflation closer to 2%.
- Fed. QE shows policy effective even at 0 rates
- fed does not plan to sell mortgage securities