NACOGDOCHES, Texas, May 22 (Reuters) - The U.S. Federal Reserve's super-easy monetary policies will do little to boost jobs if businesses remain uncertain about the outlook for taxes, government spending, and regulation, a top Fed official said on Wednesday.
Companies are sitting on 'massive' amounts of money, Dallas Fed President Richard Fisher said, but it 'does no good to print money' if companies are hesitant to hire amid uncertainties.
The Fed is buying $85 billion of Treasuries and mortgage-backed securities each month in an effort to boost growth and hiring. Fisher, who does not vote on monetary policy this year at the Fed's policy meetings, has been a vocal opponent of the program.
(Reporting by Eileen O'Grady, writing by Ann Saphir; Editing by Chizu Nomiyama) Keywords: USA FED/FISHER
(Ann.Saphir@thomsonreuters.com)(415-677-2516)(www.twitter.com/ annsaphir)(Reuters Messaging: email@example.com)
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.