Reuters: Economic News: Fed's Fisher sees no need for more monetary easing

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Fed's Fisher sees no need for more monetary easing Mar 22nd 2012, 18:31 CHICAGO | Thu Mar 22, 2012 2:07pm EDT CHICAGO (Reuters) - The economic recovery is gaining enough steam that the central bank should not add any more stimulus to help it along, a top Federal Reserve official said on Thursday. Although growth is "slower than we would like," Dallas Fed President Richard Fisher told Fox Business Network, according to a transcript provided by the network, "it's gaining momentum." "We will not support further quantitative easing under these circumstances because there's a lot of money lying on the sidelines, lying fallow," he said. "We don't need any more monetary morphine."

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