iShares iBoxx $ High Yid Corp Bond (ETF) (HYG) |
Why Fisher and Plosser disagreed with the FOMC policy motion
Richard Fisher believes that the Fed needs to tighten policy. This is based on the improved labor market and inflation outlook. He also believes that continued monetary accommodation is causing signs of “financial excess” in certain asset classes. He spoke earlier about signs of froth in high-yield bond (JNK) (HYG) markets.