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Fed's Fisher Asks, Is Rate Guidance Just A Fad?

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March 21, 2014 AT 9:32 AM
A top U.S. Federal Reserve official critical of the U.S. central bank's super-easy monetary policy on Friday questioned the very core of the Fed's current approach, which rests on giving markets a better sense of the future path of interest rates. Dallas Federal Reserve President Richard Fisher, in brief remarks released ahead of a planned speech in London, appeared to question even the basis of that approach, which Yellen has credited with keeping borrowing costs lower than otherwise and boosting an economy in great need of stimulus.