Fed's Fisher: Letting Fed assets roll off would do no harm

FXStreet (Bali) - Richard Fisher, President and CEO of the Federal Reserve Bank of Dallas, speaking at the Dallas Business Club on the state of the Texas economy and on monetary policy, said that slowly letting fed assets roll off would do no harm.

Additional headlines - Bloomberg, Reuters

Says his plan doesn’t mean a rush to lift fed funds rate

Fed rate rises to depend on progress on jobs, inflation

U.S. Fed should start trimming balance sheet now

Reducing Fed’s balance sheet slowly would ‘do no harm’

Shrinking Fed’s bond portfolio would alleviate collateral shortage but not spark spike in rates

Would also show fed intends to phase out reverse repo operations

Trimming balance sheet does not imply any rush to raise rates

Timing of rate rise will depend on progress toward 2-pct inflation goal, full employment