Fed's Fisher says QE taper to continue in $10B monthly steps

FXStreet (Łódź) - Federal Reserve Bank of Dallas chief Richard Fisher said on Wednesday that he expected the Fed to continue reducing its monthly bond purchases by 10 billion dollars per meeting, even if a a "significant correction" in the stock market occurred.

Fisher is a voting member of the FOMC who was against keeping the benchmark interest rate near zero for a prolonged period of time and opposed the quantitative easing program.