11:58 AM » Fed's Fisher backs $10 billion taper per meeting
WASHINGTON (MarketWatch)-- The Federal Reserve should continue to steadily reduce the size of its monthly purchases by $10 billion per meeting, said Richard Fisher, president of the Dallas Federal Reserve Bank, on Monday. "I am very happy in doing this in measured steps," Fisher said in an interview on the Fox Business Network. "The gas tank is full, there is no need to keep adding to it," he said. Fisher said that business leaders are much more positive about the economic outlook than they were before. He repeated that the major factors holding down the economy were uncertainty about future tax and spending policies and worries about regulatory overload. Fisher is a voting member of the Fed's policy committee this year.