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Congress, Not Fed, Must Do More For Economy: Fisher

Wednesday, August 17, 2011 - 2:29 PM
I guess it's going to fall on deaf ears:

"I believe what is restraining our economy is not monetary policy but fiscal misfeasance in Washington," Fisher said in remarks prepared for delivery to a community forum in Midland, Texas.

U.S. "fiscal authorities" must address the U.S. debt and deficit problems or risk encouraging businesses to move business overseas in search of regimes that provide more certainty.

Businesses "simply cannot budget or manage for the uncertainty of fiscal and regulatory policy," he said. "Monetary policy cannot substitute for what you must get on with doing," he added, addressing lawmakers directly. "Get on with your job."

mariafaltermariafalter57 posts since
Jun 6, 2010
Rep Points: 222