Fed's Fisher: May vote to curtail QE2 before June (by Greg Robb)
WASHINGTON (MarketWatch) - Dallas Federal Reserve Bank President Richard Fisher on Monday became the first top Fed official to say he may vote to curtail the central bank's $600 billion bond program. "If at any time between now and June, it should prove demonstrably counterproductive, I will vote to curtail or perhaps discontinue it," Fisher said in a speech to an international bankers' trade group. Fisher has previously said he was opposed to the program but only became a voting FOMC member in January. Fisher said the liquidity tanks of the economy are full "if not brimming over." Further Fed accommodation may hamper job creation and cause investors to begin to anticipate an increase in inflation. The recovery is "well under way," Fisher said.