Richard W. Fisher, the president of the Federal Reserve Bank of Dallas, said he isn't inclined to support further quantitative easing after the central bank completes its purchase of $600 billion in Treasuries in June.
"You can never say never, but I cannot imagine a convincing argument for further quantitative easing after this round, given what is developing now in the economy," Fisher said Thursday in a Bloomberg Radio interview.
Fisher said he regards the Fed's asset purchase plan as a "fait accompli" and that he wouldn't have supported it if he had a vote last year.
Recent economic data suggests the recovery will strengthen this year, with consumer spending rising and manufacturing unexpectedly accelerating last month.
"Given the way the economy is going now, and this is me speaking just for myself, I would not be supportive of any further quantitative easing," Fisher said. He became a voting member of the policymaking Federal Open Market Committee again this year.
