Fed's Fisher: Markets Can Withstand Tapering


Financial markets are in a "better position to accept" a reduction in the Federal Reserve's bond-buying program than they have been before, the president of the Dallas Fed, Richard Fisher, said on Monday.

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Investors are expecting the central bank to begin to dial down its bond-buying stimulus program "soon," Fisher told reporters, following a speech.

Fisher wants to make such an announcement next week, when Fed policymakers gather in Washington to decide policy.

"We don't want to scare the markets," he said.

(By Tom Polansek; Writing by Ann Saphir; Editing by Leslie Adler)