In this episode of China Money Podcast, the president of the U.S. Federal Reserve Bank of Dallas, Richard Fisher, discusses the the U.S. monetary policy, and shares his views on why the RMB has depreciated against the U.S. dollar lately.
Fisher made the remarks at a luncheon hosted by the Asia Society Hong Kong Center on April 4th.
Read an excerpt below, but be sure to listen to the full episode in audio. Don't forget to subscribe to the podcast for free in the iTunes store.
Key Points Of Fisher's remarks:
- By buying copious quantities of longer-term U.S. treasury bonds and mortgage-backed securities (MBS), (the Federal Reserve's) balance sheet has grown from slightly under $900 billion prior to the crisis to $4.3 trillion at present.