Fed's Fisher not ready to tighten policy yet

Reuters

Dallas Fed President Richard Fisher, a top Federal Reserve official, said on Thursday the U.S. Federal Reserve would tighten monetary policy when needed but "we are not there yet."

Fisher, a critic of easy Fed policy, also said he would also like the Fed to define how far it is willing to go with its monetary stimulus.

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"I personally advocate that we do it sooner," he told reporters after giving a lecture in Frankfurt.

(Reporting by Eva Kuehnen and Paul Carrel)