I've said it before. Fed's Fisher "gets it".

Discussion in 'Wall St. News' started by Ivanovich, Apr 17, 2008.

  1. At Least Someone at the Fed Cares About the Dollar
    Thursday, April 17, 2008 1:56:00 PM

    New York, April 17th. Federal Reserve Bank of Dallas President Richard Fisher is being quoted on Dow Jones regarding more Fed easing as a remedy for the US's economic problems that "The answer, to be curt, is not to compound the bad by repeating the oft-prescribed remedy of inflating our way out of our predicament with a wing-and-a-prayer promise that it can always be reined in later," said in prepared remarks at a speech in Chicago. "It is for this reason that I have maintained a strong reluctance to further general monetary accommodation."

    Let's see if others on the FOMC feel the same way and begin backing away from their inflationary policies.

    He's been voting against the cuts for two straight Fed meetings, and he's ticked now as well. It's just too bad he doesn't run things.