[credit provider=”BloombergTV” url=”http://www.bloomberg.com/video/fed-s-fisher-on-monetary-policy-stimulus-risks-2gzk4LSSTRu_mTGqA1L7oQ.html”] Dallas Fed Chief Richard Fisher is known for his uber-hawkish monetary and fiscal policy.We won’t spend time here debating his stance, or anything like that, but we will note that in a new speech, he invents a bunch of weird terms.
[credit provider=”BloombergTV” url=”http://www.bloomberg.com/video/fed-s-fisher-on-monetary-policy-stimulus-risks-2gzk4LSSTRu_mTGqA1L7oQ.html”] Dallas Fed President Richard Fisher is a well known anti-stimulus hawk.He was on BloombergTV this morning.
If anyone was worried about whether the Fed was still independent, this should help calm fears.
Buried in the Dallas Fed’s denouncement of Too Big To Fail is a simple argument for the Federal Reserve.
Unless you’re a real economics geek, it can be a challenge to listen to Ben Benanke’s testimonies, sit through a Fed governor’s speech, or thumb through FOMC minutes.
Richard Fisher wants the monetary spigot turned off.
At least one Fed governor is now on record as supporting breaking up the banks.
[credit provider=”Damian Szczepaniak via Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Sobowt%C3%B3r_Chucka_Norrisa.JPG”] “Don’t mess with Texas,” warn some Texans.You definitely can’t mess with the strength of its economy.
In case you missed it last week, the Federal Reserve released full transcripts of its 2006 Federal Open Market Committee (FOMC) meetings. Unlike the FOMC minutes, the transcripts captured the raw unedited discussion between the meetings’ participants.
The Fed has filled the gas tank with liquidity, and now it is in the hands of businesses and the government to produce an environment ripe for demand, according to Dallas Fed President Richard Fisher.