Reuters: US Dollar Report: Fed's Fisher says stimulus tapering will be data dependent

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Fed's Fisher says stimulus tapering will be data dependent Nov 4th 2013, 02:29 SYDNEY | Sun Nov 3, 2013 9:29pm EST SYDNEY Nov 4 (Reuters) - Federal Reserve Bank of Dallas President Richard Fisher on Monday said any tapering in the U.S. central bank's bond-buying stimulus program will depend on the strength of economic data. Speaking at a conference of business economists in Sydney, Fisher also said U.S. corporate balance sheets are stronger than ever. Fisher has long been concerned by the Fed's "hyper-accommodative" monetary policy, in part due to the danger of market disruptions when it comes time to slim down its massive balance sheet. Fisher is not a voting member this year, but will be in 2014. See for more on his speech.

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