Dallas Federal Reserve Bank president Richard Fisher said Monday night there is little risk of a double-dip recession but neither is the economy likely to pick up aggressively, so the time is not right to remove the liquidity measures that have supported financial markets.

In an interview on PBS’ Nightly Business Report, Fisher said the Fed is ready to execute its exit strategy to avoid fueling inflation, but will not do so until the time is right. And unfortunately it is not an exact science.

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