Dallas Federal Reserve President Richard Fisher spoke with FOX Business Network’s (FBN) David Asman about the recent market activity. Fisher said, “it’s way too premature to talk about another QE [Quantitative Easing] because the market is actually doing the work.” Fisher went on to say, “A market correction doesn’t mean the economy is in trouble” and that “As we’ve been saying for a long time, we’ve already fed the market too much Ritalin.”

Fisher: It's Way Too Premature To Think About Another QE

Richard Fisher on whether he is worried about a new Quantitative Easing because of what’s happening in the economy:

“It’s much too early to even think about another Quantitative Easing. As we’ve been saying for a long time, we’ve already fed the market too much Ritalin. And now with the tapering the market is correcting itself without the fed involvement.  It’s way too premature to talk about another QE because the market is actually doing the work.”

Richard Fisher on a market correction:

“A market correction doesn’t mean the economy is in trouble. Without mentioning any companies in particular, prices are getting more rational and some very good companies are even being mispriced to the down side. A market correction does not mean the economy is in trouble.”

Richard Fisher on monetary policy:

“The bottom line is there is a limit to what monetary policy can do. And most central bankers say whether it’s me or Janet Yellen…we don’t need more monetary stimulus.”