Fed’s Richard Fisher Thinks US Needs Regulatory Certainty

richard-fisher

Speaking at a community forum in Midland, Texas, Richard Fisher, President of the Federal Reserve Bank in Dallas, asserted that the US Economy has sufficient liquidity to grow but insufficient fiscal and regulatory policy certainty.

“Pointing fingers at the Fed only diminishes credibility,” he said. “The ugly truth is that the problem lies not with monetary policy but in the need to construct a modern, appropriate set of fiscal and regulatory levers and pulleys to better incentivize the private sector to channel money into productive use in expanding our economy and enriching our people.”

Rueters has a complete story here.

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