Fed's Fisher Speaks - Geithner Cringes

“I expect that when it comes time to tightening monetary policy, my colleagues and I will move with an alacrity that, if needed, will be equal in speed and intensity to that with which we pursued monetary accommodation.”

Really? Mr. Fisher has said he would ‘stand and deliver’ a reversal of monetary easing at a torrid pace. When the time is right. If it is needed. But not at anytime in the foreseeable future. If ever.