Fisher: Fed needs to exit as soon as the economy shows traction

Like Warsh, he says the Fed policy reversal could be equal in speed and intensity to the 2007-2008 easing cycle (6.5% to near zero!).

If the market takes him at his word, that is a big dollar plus…

At at minimum, the Fed is trying to shake the “lower for longer” psychology that has pervaded for the last few months. Gold bugs take note…