FRANKFURT, Germany — There will be no need for further monetary accommodation in the United States once the Federal Reserve’s current round of quantitative easing runs out in June, Federal Reserve Bank of Dallas president Richard Fisher asserted on Tuesday.

Fisher also emphasized that he is not a fan of QE2.

“In essence, what we have done as a central bank is to monetize the entire U.S. debt through the end of June,” he said. “Had I been a voter last year, which I am this year, I would have joined [Federal Reserve Bank of Kansas City president Thomas] Hoenig and would have voted against what is known as QE2.”

It is “indisputable” that “there is plenty of fuel” for American businesses to invest and get people back to work, according to Fisher.

“In my opinion, no further accommodation is needed after June — either by tapering off the bottom of the purchases of treasuries, or by adding another tranche of purchases outright,” the Dallas Fed president said.

To continue accommodative policy would be to “continue the injustice against the virtuous,” according to Fisher, referring to savers whose money would be eroded by rising inflation.

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