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Dallas Fed head: Fed now holds $11,300 for every US man, woman and child

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Markets may be wary of the Federal Reserve slowing down its $85 billion-a-month bond-buying program in the months ahead — the much-anticipated “taper” — but Dallas Fed President Richard Fisher isn’t. In a colorful speech Monday, Fisher warned that the Fed’s balance sheet has expanded to $3.5 trillion, or $11,300 for every U.S. man, woman and child, and called it a “Gordian Knot” that needs to...

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